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$323,700$323,700$350,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$27,210$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.240%7.640%
1st payment$1,526.51$1,526.51$2,429.63
2nd payment$0.00$204.08$0.00
Taxes / mo$495.67$495.67$495.67
Insurance / mo$150.00$150.00$150.00
MI / mo$256.80$256.80$70.18
HOA / mo$103.33$103.33$103.33
Total monthly$2,532.30$2,736.38$3,248.81
Cash to close$66,200$38,990$38,990