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$363,253$363,253$382,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$40,497$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.565%7.640%
1st payment$1,696.07$1,696.07$2,648.35
2nd payment$0.00$400.76$0.00
Taxes / mo$235.92$235.92$235.92
Insurance / mo$150.00$150.00$150.00
MI / mo$288.63$288.63$76.50
HOA / mo$16.67$16.67$16.67
Total monthly$2,387.29$2,788.04$3,127.44
Cash to close$61,747$21,250$42,500