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$20,073$20,073$368,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$348,837$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%7.519%7.560%
1st payment$95.95$95.95$2,534.16
2nd payment$0.00$2,252.90$0.00
Taxes / mo$396.83$396.83$396.83
Insurance / mo$150.00$150.00$150.00
MI / mo$16.49$16.49$73.78
HOA / mo$355.00$355.00$355.00
Total monthly$1,014.28$3,267.18$3,509.77
Cash to close$389,827$40,990$40,990