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$358,683$358,683$468,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$109,317$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.720%7.640%
1st payment$1,669.17$1,669.17$3,240.34
2nd payment$0.00$728.78$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$285.16$285.16$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,554.33$3,283.10$3,933.94
Cash to close$161,317$52,000$52,000