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$363,023$363,023$629,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$266,887$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.479%7.560%
1st payment$1,717.83$1,717.83$4,327.04
2nd payment$0.00$1,723.64$0.00
Taxes / mo$429.67$429.67$429.67
Insurance / mo$166.67$166.67$166.67
MI / mo$290.09$290.09$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,604.25$4,327.90$5,049.36
Cash to close$336,877$69,990$69,990