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$344,044$344,044$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$83,456$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%4.614%7.560%
1st payment$1,624.45$1,624.45$2,936.63
2nd payment$0.00$625.92$0.00
Taxes / mo$473.42$473.42$473.42
Insurance / mo$166.67$166.67$166.67
MI / mo$277.47$277.47$85.50
HOA / mo$80.00$80.00$80.00
Total monthly$2,622.01$3,247.93$3,742.21
Cash to close$130,956$47,500$47,500