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$320,669$320,669$476,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$156,241$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.136%7.640%
1st payment$1,537.76$1,537.76$3,302.03
2nd payment$0.00$1,041.61$0.00
Taxes / mo$441.58$441.58$441.58
Insurance / mo$166.67$166.67$166.67
MI / mo$262.03$262.03$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,408.04$3,449.65$4,005.66
Cash to close$209,231$52,990$52,990