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$374,144$374,144$467,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$93,855$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.851%7.640%
1st payment$1,770.45$1,770.45$3,240.33
2nd payment$0.00$703.91$0.00
Taxes / mo$463.50$463.50$463.50
Insurance / mo$166.67$166.67$166.67
MI / mo$298.98$298.98$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,699.60$3,403.51$3,964.10
Cash to close$145,855$52,000$52,000