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$342,914$342,914$494,999
Remaining term (yrs)24.324.330.0
Secondary amount$0$152,085$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%4.890%7.560%
1st payment$1,592.53$1,592.53$3,400.30
2nd payment$0.00$1,013.90$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$279.57$279.57$99.00
HOA / mo$110.00$110.00$110.00
Total monthly$2,607.10$3,620.99$4,234.30
Cash to close$207,085$55,000$55,000