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$362,936$362,936$521,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$159,063$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.976%7.560%
1st payment$1,719.58$1,719.58$3,585.77
2nd payment$0.00$1,060.42$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$296.44$296.44$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,666.02$3,726.44$4,340.17
Cash to close$217,063$58,000$58,000