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$365,869$365,869$697,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$331,631$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.636%7.560%
1st payment$1,746.59$1,746.59$4,791.34
2nd payment$0.00$2,141.78$0.00
Taxes / mo$419.67$419.67$419.67
Insurance / mo$216.67$216.67$216.67
MI / mo$298.38$298.38$139.50
HOA / mo$99.00$99.00$99.00
Total monthly$2,780.30$4,922.09$5,666.17
Cash to close$409,131$77,500$77,500