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$327,262$327,262$368,996
Remaining term (yrs)24.924.930.0
Secondary amount$0$41,733$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.308%7.640%
1st payment$1,524.71$1,524.71$2,554.85
2nd payment$0.00$313.00$0.00
Taxes / mo$341.66$341.66$341.66
Insurance / mo$150.00$150.00$150.00
MI / mo$260.81$260.81$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,277.19$2,590.19$3,120.31
Cash to close$82,733$41,000$41,000