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$325,981$325,981$414,900
Remaining term (yrs)24.724.730.0
Secondary amount$0$88,919$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.922%7.560%
1st payment$1,546.05$1,546.05$2,850.08
2nd payment$0.00$666.89$0.00
Taxes / mo$395.33$395.33$395.33
Insurance / mo$166.67$166.67$166.67
MI / mo$261.08$261.08$82.98
HOA / mo$59.00$59.00$59.00
Total monthly$2,428.13$3,095.02$3,554.06
Cash to close$135,019$46,100$46,100