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$327,257$327,257$490,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$163,243$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.124%7.560%
1st payment$1,521.31$1,521.31$3,369.39
2nd payment$0.00$1,088.29$0.00
Taxes / mo$218.50$218.50$218.50
Insurance / mo$166.67$166.67$166.67
MI / mo$260.90$260.90$98.10
HOA / mo$39.00$39.00$39.00
Total monthly$2,206.38$3,294.67$3,891.66
Cash to close$217,743$54,500$54,500