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$361,895$361,895$557,991
Remaining term (yrs)24.024.030.0
Secondary amount$0$196,096$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%5.250%7.640%
1st payment$1,739.18$1,739.18$3,863.42
2nd payment$0.00$1,307.31$0.00
Taxes / mo$516.66$516.66$516.66
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,718.09$4,025.40$4,658.34
Cash to close$258,095$61,999$61,999