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$338,388$338,388$553,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$215,112$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.341%7.640%
1st payment$1,638.79$1,638.79$3,832.32
2nd payment$0.00$1,389.27$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$276.75$276.75$110.70
HOA / mo$518.00$518.00$518.00
Total monthly$3,112.70$4,501.97$5,140.19
Cash to close$276,612$61,500$61,500