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$339,859$339,859$427,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$87,641$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.802%7.640%
1st payment$1,588.77$1,588.77$2,959.92
2nd payment$0.00$657.31$0.00
Taxes / mo$456.33$456.33$456.33
Insurance / mo$166.67$166.67$166.67
MI / mo$271.42$271.42$85.50
HOA / mo$113.33$113.33$113.33
Total monthly$2,596.52$3,253.82$3,781.75
Cash to close$135,141$47,500$47,500