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$320,887$320,887$355,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$34,613$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.355%7.640%
1st payment$1,875.92$1,875.92$2,461.41
2nd payment$0.00$259.59$0.00
Taxes / mo$201.67$201.67$201.67
Insurance / mo$150.00$150.00$150.00
MI / mo$241.44$241.44$71.10
HOA / mo$99.00$99.00$99.00
Total monthly$2,568.03$2,827.63$2,983.18
Cash to close$74,113$39,500$39,500