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$325,243$325,243$517,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$192,257$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.385%7.560%
1st payment$1,540.65$1,540.65$3,554.87
2nd payment$0.00$1,281.71$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$259.17$259.17$103.50
HOA / mo$430.00$430.00$430.00
Total monthly$2,875.65$4,157.37$4,734.20
Cash to close$249,757$57,500$57,500