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$369,822$369,822$512,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$142,278$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%4.960%7.560%
1st payment$1,782.98$1,782.98$3,517.77
2nd payment$0.00$948.52$0.00
Taxes / mo$474.17$474.17$474.17
Insurance / mo$166.67$166.67$166.67
MI / mo$301.87$301.87$102.42
HOA / mo$640.00$640.00$640.00
Total monthly$3,365.68$4,314.20$4,901.03
Cash to close$199,178$56,900$56,900