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$351,961$351,961$427,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$75,539$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.727%7.640%
1st payment$1,665.48$1,665.48$2,959.92
2nd payment$0.00$566.54$0.00
Taxes / mo$537.75$537.75$537.75
Insurance / mo$166.67$166.67$166.67
MI / mo$281.25$281.25$85.50
HOA / mo$50.00$50.00$50.00
Total monthly$2,701.15$3,267.69$3,799.84
Cash to close$123,039$47,500$47,500