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$320,043$320,043$391,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$71,457$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.528%7.560%
1st payment$1,489.56$1,489.56$2,689.33
2nd payment$0.00$535.93$0.00
Taxes / mo$249.42$249.42$249.42
Insurance / mo$150.00$150.00$150.00
MI / mo$260.81$260.81$78.30
HOA / mo$65.00$65.00$65.00
Total monthly$2,214.79$2,750.71$3,232.05
Cash to close$114,957$43,500$43,500