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$321,782$321,782$378,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$56,218$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%4.318%7.640%
1st payment$1,461.14$1,461.14$2,617.20
2nd payment$0.00$421.64$0.00
Taxes / mo$535.50$535.50$535.50
Insurance / mo$150.00$150.00$150.00
MI / mo$256.84$256.84$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,403.48$2,825.12$3,378.30
Cash to close$98,218$42,000$42,000