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$381,673$381,673$549,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$167,327$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.955%7.640%
1st payment$1,760.54$1,760.54$3,801.17
2nd payment$0.00$1,115.51$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$304.68$304.68$109.80
HOA / mo$316.00$316.00$316.00
Total monthly$3,056.22$4,171.73$4,901.97
Cash to close$228,327$61,000$61,000