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$358,000$358,000$549,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$191,000$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%5.144%7.560%
1st payment$1,686.65$1,686.65$3,771.25
2nd payment$0.00$1,273.33$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$291.89$291.89$109.80
HOA / mo$160.00$160.00$160.00
Total monthly$2,813.54$4,086.87$4,716.05
Cash to close$252,000$61,000$61,000