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$379,898$379,898$539,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$160,012$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.988%7.640%
1st payment$1,771.90$1,771.90$3,738.23
2nd payment$0.00$1,066.75$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$302.71$302.71$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,741.19$3,807.94$4,512.79
Cash to close$220,002$59,990$59,990