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$361,135$361,135$445,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$84,365$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.671%7.640%
1st payment$1,696.69$1,696.69$3,084.55
2nd payment$0.00$632.74$0.00
Taxes / mo$456.92$456.92$456.92
Insurance / mo$166.67$166.67$166.67
MI / mo$292.11$292.11$89.10
HOA / mo$58.33$58.33$58.33
Total monthly$2,670.71$3,303.45$3,855.57
Cash to close$133,865$49,500$49,500