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$356,586$356,586$427,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$70,914$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.096%7.560%
1st payment$1,842.65$1,842.65$2,936.63
2nd payment$0.00$531.85$0.00
Taxes / mo$457.58$457.58$457.58
Insurance / mo$166.67$166.67$166.67
MI / mo$291.75$291.75$85.50
HOA / mo$75.00$75.00$75.00
Total monthly$2,833.65$3,365.51$3,721.38
Cash to close$118,414$47,500$47,500