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$368,294$368,294$459,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$90,706$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.844%7.640%
1st payment$1,752.62$1,752.62$3,178.02
2nd payment$0.00$680.30$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,639.87$3,320.17$3,861.49
Cash to close$141,706$51,000$51,000