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$357,470$357,470$490,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$133,030$0
Funding fee$0$0$0
Note rate2.750%2.750%7.400%
Blended rate3.600%4.793%7.640%
1st payment$1,668.50$1,668.50$3,396.12
2nd payment$0.00$886.87$0.00
Taxes / mo$244.42$244.42$244.42
Insurance / mo$166.67$166.67$166.67
MI / mo$289.50$289.50$98.10
HOA / mo$90.00$90.00$90.00
Total monthly$2,459.08$3,345.95$3,995.31
Cash to close$187,530$54,500$54,500