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$322,336$322,336$350,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$28,574$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.150%7.640%
1st payment$1,503.42$1,503.42$2,429.63
2nd payment$0.00$214.31$0.00
Taxes / mo$670.83$670.83$670.83
Insurance / mo$150.00$150.00$150.00
MI / mo$256.84$256.84$70.18
HOA / mo$86.67$86.67$86.67
Total monthly$2,667.77$2,882.07$3,407.32
Cash to close$67,564$38,990$38,990