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$378,952$378,952$1,079,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$700,148$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%6.258%7.640%
1st payment$1,753.71$1,753.71$7,471.47
2nd payment$0.00$4,521.79$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$308.27$308.27$215.82
HOA / mo$120.00$120.00$120.00
Total monthly$3,397.82$7,919.61$9,023.12
Cash to close$820,048$119,900$119,900