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$331,535$331,535$355,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$43,620$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.695%7.640%
1st payment$1,558.53$1,558.53$2,460.79
2nd payment$0.00$431.65$0.00
Taxes / mo$168.33$168.33$168.33
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$71.08
HOA / mo$57.00$57.00$57.00
Total monthly$2,199.09$2,630.75$2,907.20
Cash to close$63,365$19,745$39,490