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$359,052$359,052$387,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$27,948$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.185%7.640%
1st payment$1,702.89$1,702.89$2,679.51
2nd payment$0.00$209.61$0.00
Taxes / mo$359.33$359.33$359.33
Insurance / mo$150.00$150.00$150.00
MI / mo$287.57$287.57$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,499.79$2,709.41$3,266.24
Cash to close$70,948$43,000$43,000