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$321,603$321,603$467,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$146,307$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.058%7.640%
1st payment$1,503.42$1,503.42$3,239.71
2nd payment$0.00$975.38$0.00
Taxes / mo$347.50$347.50$347.50
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,274.43$3,249.81$3,847.46
Cash to close$198,297$51,990$51,990