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$325,849$325,849$391,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$65,651$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.614%7.560%
1st payment$1,524.95$1,524.95$2,689.33
2nd payment$0.00$492.38$0.00
Taxes / mo$192.58$192.58$192.58
Insurance / mo$150.00$150.00$150.00
MI / mo$260.18$260.18$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,127.72$2,620.10$3,110.22
Cash to close$109,151$43,500$43,500