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$338,134$338,134$517,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$179,366$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.184%7.640%
1st payment$1,597.58$1,597.58$3,583.07
2nd payment$0.00$1,195.78$0.00
Taxes / mo$610.17$610.17$610.17
Insurance / mo$166.67$166.67$166.67
MI / mo$273.98$273.98$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,648.39$3,844.17$4,463.40
Cash to close$236,866$57,500$57,500