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$327,466$327,466$530,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$203,444$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.326%7.640%
1st payment$1,569.10$1,569.10$3,675.91
2nd payment$0.00$1,313.91$0.00
Taxes / mo$369.00$369.00$369.00
Insurance / mo$166.67$166.67$166.67
MI / mo$264.64$264.64$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,369.41$3,683.32$4,317.76
Cash to close$262,434$58,990$58,990