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$373,723$373,723$503,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$129,377$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%4.665%7.560%
1st payment$1,735.60$1,735.60$3,455.95
2nd payment$0.00$862.51$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$304.69$304.69$100.62
HOA / mo$220.00$220.00$220.00
Total monthly$2,892.79$3,755.31$4,409.07
Cash to close$185,277$55,900$55,900