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$343,996$343,996$508,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$164,504$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.105%7.560%
1st payment$1,608.10$1,608.10$3,493.04
2nd payment$0.00$1,096.69$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$274.72$274.72$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,520.33$3,617.02$4,232.24
Cash to close$221,004$56,500$56,500