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$320,290$320,290$449,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$129,620$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.095%7.640%
1st payment$1,517.15$1,517.15$3,115.09
2nd payment$0.00$864.14$0.00
Taxes / mo$360.42$360.42$360.42
Insurance / mo$166.67$166.67$166.67
MI / mo$252.63$252.63$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,296.86$3,160.99$3,732.15
Cash to close$179,610$49,990$49,990