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$354,221$354,221$377,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$44,684$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.545%7.640%
1st payment$1,637.69$1,637.69$2,616.57
2nd payment$0.00$442.19$0.00
Taxes / mo$72.92$72.92$72.92
Insurance / mo$150.00$150.00$150.00
MI / mo$283.42$283.42$75.58
HOA / mo$19.58$19.58$19.58
Total monthly$2,163.60$2,605.79$2,934.65
Cash to close$65,679$20,995$41,990