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$324,426$324,426$440,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$116,484$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.807%7.640%
1st payment$1,535.10$1,535.10$3,052.77
2nd payment$0.00$776.56$0.00
Taxes / mo$408.25$408.25$408.25
Insurance / mo$166.67$166.67$166.67
MI / mo$264.29$264.29$88.18
HOA / mo$252.00$252.00$252.00
Total monthly$2,626.31$3,402.87$3,967.87
Cash to close$165,474$48,990$48,990