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$368,595$368,595$571,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$202,905$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.157%7.640%
1st payment$1,774.19$1,774.19$3,956.95
2nd payment$0.00$1,310.43$0.00
Taxes / mo$297.67$297.67$297.67
Insurance / mo$166.67$166.67$166.67
MI / mo$302.71$302.71$114.30
HOA / mo$520.00$520.00$520.00
Total monthly$3,061.22$4,371.65$5,055.58
Cash to close$266,405$63,500$63,500