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$343,996$343,996$382,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$38,414$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.250%7.640%
1st payment$1,608.10$1,608.10$2,647.73
2nd payment$0.00$288.11$0.00
Taxes / mo$87.39$87.39$87.39
Insurance / mo$150.00$150.00$150.00
MI / mo$274.72$274.72$76.48
HOA / mo$6.25$6.25$6.25
Total monthly$2,126.46$2,414.57$2,967.85
Cash to close$80,904$42,490$42,490