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$320,956$320,956$359,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$38,144$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.281%7.640%
1st payment$1,500.40$1,500.40$2,486.34
2nd payment$0.00$286.08$0.00
Taxes / mo$806.33$806.33$806.33
Insurance / mo$150.00$150.00$150.00
MI / mo$256.32$256.32$71.82
HOA / mo$83.00$83.00$83.00
Total monthly$2,796.05$3,082.13$3,597.49
Cash to close$78,044$39,900$39,900