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$333,209$333,209$435,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$102,391$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.627%7.640%
1st payment$1,557.27$1,557.27$3,016.01
2nd payment$0.00$682.60$0.00
Taxes / mo$287.33$287.33$287.33
Insurance / mo$166.67$166.67$166.67
MI / mo$270.55$270.55$87.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,281.82$2,964.42$3,557.12
Cash to close$150,791$48,400$48,400