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$24,829$24,829$359,910
Remaining term (yrs)1.41.430.0
Secondary amount$0$335,081$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%7.465%7.640%
1st payment$1,337.17$1,337.17$2,491.94
2nd payment$0.00$2,164.06$0.00
Taxes / mo$208.75$208.75$208.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.38$139.38$71.98
HOA / mo$12.92$12.92$12.92
Total monthly$1,848.22$4,012.28$2,935.60
Cash to close$375,071$39,990$39,990