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$322,125$322,125$594,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$271,875$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.624%7.560%
1st payment$1,531.10$1,531.10$4,080.37
2nd payment$0.00$1,755.86$0.00
Taxes / mo$482.42$482.42$482.42
Insurance / mo$166.67$166.67$166.67
MI / mo$257.90$257.90$118.80
HOA / mo$13.33$13.33$13.33
Total monthly$2,451.41$4,207.27$4,861.58
Cash to close$337,875$66,000$66,000