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$349,825$349,825$369,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$39,675$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.524%7.640%
1st payment$1,626.22$1,626.22$2,554.88
2nd payment$0.00$392.62$0.00
Taxes / mo$278.83$278.83$278.83
Insurance / mo$150.00$150.00$150.00
MI / mo$278.90$278.90$73.80
HOA / mo$259.00$259.00$259.00
Total monthly$2,592.95$2,985.57$3,316.51
Cash to close$60,175$20,500$41,000