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$340,685$340,685$418,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$77,815$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.653%7.640%
1st payment$1,615.90$1,615.90$2,897.61
2nd payment$0.00$583.61$0.00
Taxes / mo$212.17$212.17$212.17
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,272.93$2,856.55$3,360.14
Cash to close$124,315$46,500$46,500