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$322,893$322,893$585,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$262,107$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.509%7.640%
1st payment$1,497.62$1,497.62$4,050.42
2nd payment$0.00$1,692.77$0.00
Taxes / mo$191.00$191.00$191.00
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,112.12$3,804.90$4,525.09
Cash to close$327,107$65,000$65,000