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$322,907$322,907$350,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$28,003$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%4.132%7.560%
1st payment$1,501.01$1,501.01$2,410.51
2nd payment$0.00$210.02$0.00
Taxes / mo$372.25$372.25$372.25
Insurance / mo$150.00$150.00$150.00
MI / mo$256.76$256.76$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,280.02$2,490.04$3,002.94
Cash to close$66,993$38,990$38,990