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$357,432$357,432$450,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$92,568$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%4.774%7.560%
1st payment$1,698.98$1,698.98$3,091.19
2nd payment$0.00$694.26$0.00
Taxes / mo$228.50$228.50$228.50
Insurance / mo$166.67$166.67$166.67
MI / mo$291.75$291.75$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,385.90$3,080.17$3,576.35
Cash to close$142,568$50,000$50,000