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$349,936$349,936$494,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$144,164$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.969%7.640%
1st payment$1,628.46$1,628.46$3,421.05
2nd payment$0.00$961.09$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,530.83$3,491.92$4,144.04
Cash to close$199,064$54,900$54,900