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$320,774$320,774$607,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$286,726$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%5.511%7.640%
1st payment$1,489.70$1,489.70$4,206.21
2nd payment$0.00$1,851.77$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$261.52$261.52$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,480.39$4,332.16$5,056.87
Cash to close$354,226$67,500$67,500