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$363,694$363,694$515,250
Remaining term (yrs)24.224.230.0
Secondary amount$0$151,556$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%4.873%7.640%
1st payment$1,704.21$1,704.21$3,567.49
2nd payment$0.00$1,010.38$0.00
Taxes / mo$477.08$477.08$477.08
Insurance / mo$166.67$166.67$166.67
MI / mo$296.85$296.85$103.05
HOA / mo$0.00$0.00$0.00
Total monthly$2,644.81$3,655.19$4,314.29
Cash to close$208,806$57,250$57,250