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$323,124$323,124$553,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$230,376$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.403%7.560%
1st payment$1,505.36$1,505.36$3,802.16
2nd payment$0.00$1,487.84$0.00
Taxes / mo$557.08$557.08$557.08
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$110.70
HOA / mo$165.00$165.00$165.00
Total monthly$2,650.95$4,138.79$4,801.61
Cash to close$291,876$61,500$61,500