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$346,308$346,308$494,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$148,602$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%4.872%7.640%
1st payment$1,607.92$1,607.92$3,426.66
2nd payment$0.00$990.68$0.00
Taxes / mo$583.08$583.08$583.08
Insurance / mo$166.67$166.67$166.67
MI / mo$281.54$281.54$98.98
HOA / mo$98.33$98.33$98.33
Total monthly$2,737.53$3,728.21$4,373.72
Cash to close$203,592$54,990$54,990