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$344,779$344,779$360,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$35,221$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.476%7.640%
1st payment$1,608.10$1,608.10$2,492.57
2nd payment$0.00$348.54$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$150.00$150.00$150.00
MI / mo$274.72$274.72$72.00
HOA / mo$371.00$371.00$371.00
Total monthly$2,595.49$2,944.03$3,277.23
Cash to close$55,221$20,000$40,000