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$346,470$346,470$405,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$58,530$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.432%7.640%
1st payment$1,623.97$1,623.97$2,804.14
2nd payment$0.00$438.97$0.00
Taxes / mo$249.25$249.25$249.25
Insurance / mo$150.00$150.00$150.00
MI / mo$279.59$279.59$81.00
HOA / mo$240.00$240.00$240.00
Total monthly$2,542.82$2,981.79$3,524.39
Cash to close$103,530$45,000$45,000