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$320,724$320,724$553,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$232,776$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.432%7.560%
1st payment$1,507.71$1,507.71$3,802.16
2nd payment$0.00$1,503.34$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$256.58$256.58$110.70
HOA / mo$43.33$43.33$43.33
Total monthly$2,486.79$3,990.13$4,635.36
Cash to close$294,276$61,500$61,500