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$347,193$347,193$441,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$93,807$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.851%7.640%
1st payment$1,663.17$1,663.17$3,053.39
2nd payment$0.00$703.55$0.00
Taxes / mo$361.50$361.50$361.50
Insurance / mo$166.67$166.67$166.67
MI / mo$283.77$283.77$88.20
HOA / mo$152.00$152.00$152.00
Total monthly$2,627.10$3,330.66$3,821.76
Cash to close$142,807$49,000$49,000