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$381,177$381,177$405,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$46,323$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.488%7.640%
1st payment$1,781.45$1,781.45$2,804.14
2nd payment$0.00$458.40$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$309.50$309.50$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,615.95$3,074.35$3,410.14
Cash to close$68,823$22,500$45,000