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$342,117$342,117$386,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$44,793$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.207%7.640%
1st payment$1,597.16$1,597.16$2,678.89
2nd payment$0.00$335.95$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$277.84$277.84$77.38
HOA / mo$335.00$335.00$335.00
Total monthly$2,718.25$3,054.20$3,599.52
Cash to close$87,783$42,990$42,990