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$373,841$373,841$576,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$202,159$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.154%7.560%
1st payment$1,790.40$1,790.40$3,956.72
2nd payment$0.00$1,305.61$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$304.69$304.69$115.20
HOA / mo$45.00$45.00$45.00
Total monthly$2,840.09$4,145.70$4,816.92
Cash to close$266,159$64,000$64,000