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$369,834$369,834$486,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$116,166$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%4.629%7.640%
1st payment$1,728.81$1,728.81$3,364.97
2nd payment$0.00$774.44$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$301.13$301.13$97.20
HOA / mo$258.00$258.00$258.00
Total monthly$2,904.61$3,679.05$4,336.83
Cash to close$170,166$54,000$54,000