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$380,211$380,211$607,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$227,289$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.134%7.640%
1st payment$1,781.61$1,781.61$4,206.21
2nd payment$0.00$1,467.91$0.00
Taxes / mo$309.50$309.50$309.50
Insurance / mo$166.67$166.67$166.67
MI / mo$310.33$310.33$121.50
HOA / mo$3.33$3.33$3.33
Total monthly$2,571.44$4,039.35$4,807.20
Cash to close$294,789$67,500$67,500