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$326,153$326,153$395,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$69,757$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.593%7.560%
1st payment$1,512.94$1,512.94$2,719.63
2nd payment$0.00$523.18$0.00
Taxes / mo$459.67$459.67$459.67
Insurance / mo$150.00$150.00$150.00
MI / mo$260.81$260.81$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,383.42$2,906.60$3,408.48
Cash to close$113,747$43,990$43,990