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$370,506$370,506$440,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$70,404$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.513%7.640%
1st payment$1,740.72$1,740.72$3,052.77
2nd payment$0.00$528.03$0.00
Taxes / mo$406.00$406.00$406.00
Insurance / mo$166.67$166.67$166.67
MI / mo$299.69$299.69$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,613.08$3,141.10$3,713.62
Cash to close$119,394$48,990$48,990