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$357,691$357,691$737,999
Remaining term (yrs)23.623.630.0
Secondary amount$0$380,308$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%5.845%7.560%
1st payment$1,750.80$1,750.80$5,069.54
2nd payment$0.00$2,456.16$0.00
Taxes / mo$864.48$864.48$864.48
Insurance / mo$216.67$216.67$216.67
MI / mo$295.28$295.28$147.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,127.23$5,583.39$6,298.29
Cash to close$462,308$82,000$82,000