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$359,928$359,928$495,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$135,072$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.895%7.640%
1st payment$1,732.47$1,732.47$3,427.28
2nd payment$0.00$900.48$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$99.00
HOA / mo$257.00$257.00$257.00
Total monthly$2,910.06$3,810.54$4,408.28
Cash to close$190,072$55,000$55,000