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$327,508$327,508$337,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$28,742$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.417%7.640%
1st payment$1,702.61$1,702.61$2,336.78
2nd payment$0.00$284.43$0.00
Taxes / mo$446.92$446.92$446.92
Insurance / mo$150.00$150.00$150.00
MI / mo$252.61$252.61$67.50
HOA / mo$112.00$112.00$112.00
Total monthly$2,664.14$2,948.56$3,113.20
Cash to close$47,492$18,750$37,500