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$24,801$24,801$395,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$371,109$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%7.503%7.640%
1st payment$124.31$124.31$2,741.20
2nd payment$0.00$2,396.75$0.00
Taxes / mo$366.58$366.58$366.58
Insurance / mo$150.00$150.00$150.00
MI / mo$20.10$20.10$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$660.99$3,057.74$3,336.97
Cash to close$415,099$43,990$43,990