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$323,868$323,868$463,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$139,632$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.058%7.640%
1st payment$1,565.14$1,565.14$3,209.18
2nd payment$0.00$930.88$0.00
Taxes / mo$221.92$221.92$221.92
Insurance / mo$166.67$166.67$166.67
MI / mo$264.99$264.99$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,218.71$3,149.59$3,690.46
Cash to close$191,132$51,500$51,500