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$349,408$349,408$476,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$127,502$0
Funding fee$0$0$0
Note rate4.280%4.280%7.320%
Blended rate5.130%5.897%7.560%
1st payment$2,130.41$2,130.41$3,276.04
2nd payment$0.00$850.01$0.00
Taxes / mo$565.17$565.17$565.17
Insurance / mo$166.67$166.67$166.67
MI / mo$305.66$305.66$95.38
HOA / mo$65.00$65.00$65.00
Total monthly$3,232.90$4,082.92$4,168.26
Cash to close$180,492$52,990$52,990