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$361,739$361,739$584,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$222,361$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.267%7.640%
1st payment$1,734.71$1,734.71$4,044.19
2nd payment$0.00$1,436.08$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,737.80$4,173.88$4,868.51
Cash to close$287,261$64,900$64,900