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$336,318$336,318$495,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$158,682$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%5.004%7.560%
1st payment$1,568.06$1,568.06$3,400.31
2nd payment$0.00$1,057.88$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$272.43$272.43$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,465.48$3,523.37$4,124.31
Cash to close$213,682$55,000$55,000