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$326,934$326,934$432,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$105,066$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%5.041%7.640%
1st payment$1,642.20$1,642.20$2,991.08
2nd payment$0.00$700.44$0.00
Taxes / mo$216.08$216.08$216.08
Insurance / mo$166.67$166.67$166.67
MI / mo$267.62$267.62$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,292.57$2,993.01$3,460.23
Cash to close$153,066$48,000$48,000