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$369,913$369,913$674,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$304,997$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.541%7.640%
1st payment$1,709.88$1,709.88$4,672.94
2nd payment$0.00$1,969.77$0.00
Taxes / mo$682.58$682.58$682.58
Insurance / mo$216.67$216.67$216.67
MI / mo$292.11$292.11$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,901.24$4,871.01$5,707.17
Cash to close$379,987$74,990$74,990