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$318,926$318,926$327,150
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,399$0
Funding fee$0$0$0
Note rate2.620%2.620%7.320%
Blended rate3.470%4.113%7.560%
1st payment$1,426.71$1,426.71$2,247.29
2nd payment$0.00$261.24$0.00
Taxes / mo$118.25$118.25$118.25
Insurance / mo$150.00$150.00$150.00
MI / mo$251.77$251.77$65.43
HOA / mo$90.00$90.00$90.00
Total monthly$2,036.73$2,297.97$2,670.97
Cash to close$44,574$18,175$36,350