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$325,719$325,719$521,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$196,191$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.229%7.640%
1st payment$1,517.29$1,517.29$3,613.60
2nd payment$0.00$1,307.94$0.00
Taxes / mo$369.00$369.00$369.00
Insurance / mo$166.67$166.67$166.67
MI / mo$264.63$264.63$104.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,317.59$3,625.53$4,253.65
Cash to close$254,181$57,990$57,990