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$323,794$323,794$449,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$125,306$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.921%7.640%
1st payment$1,515.33$1,515.33$3,109.48
2nd payment$0.00$835.38$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$258.54$258.54$89.82
HOA / mo$186.00$186.00$186.00
Total monthly$2,668.12$3,503.50$4,093.55
Cash to close$175,206$49,900$49,900