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$352,393$352,393$494,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$142,517$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%4.896%7.640%
1st payment$1,652.01$1,652.01$3,426.66
2nd payment$0.00$950.11$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$285.16$285.16$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,562.08$3,512.20$4,150.56
Cash to close$197,507$54,990$54,990