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$320,257$320,257$351,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,743$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%4.027%7.640%
1st payment$1,469.20$1,469.20$2,430.25
2nd payment$0.00$230.57$0.00
Taxes / mo$501.25$501.25$501.25
Insurance / mo$150.00$150.00$150.00
MI / mo$256.58$256.58$70.20
HOA / mo$50.00$50.00$50.00
Total monthly$2,427.03$2,657.60$3,201.70
Cash to close$69,743$39,000$39,000