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$320,296$320,296$719,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$399,703$0
Funding fee$0$0$0
Note rate2.950%2.950%7.320%
Blended rate3.800%5.993%7.560%
1st payment$1,517.43$1,517.43$4,945.89
2nd payment$0.00$2,581.41$0.00
Taxes / mo$423.67$423.67$423.67
Insurance / mo$216.67$216.67$216.67
MI / mo$256.58$256.58$144.00
HOA / mo$41.67$41.67$41.67
Total monthly$2,456.01$5,037.42$5,771.90
Cash to close$479,703$80,000$80,000