Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$320,317$320,317$432,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$111,683$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.967%7.640%
1st payment$1,539.29$1,539.29$2,991.08
2nd payment$0.00$744.55$0.00
Taxes / mo$177.22$177.22$177.22
Insurance / mo$166.67$166.67$166.67
MI / mo$256.64$256.64$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,139.81$2,884.36$3,421.36
Cash to close$159,683$48,000$48,000