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$343,659$343,659$494,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$151,251$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.111%7.640%
1st payment$1,673.60$1,673.60$3,426.66
2nd payment$0.00$1,008.34$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$166.67$166.67$166.67
MI / mo$281.54$281.54$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,445.97$3,454.31$4,016.47
Cash to close$206,241$54,990$54,990