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$349,942$349,942$715,410
Remaining term (yrs)19.819.830.0
Secondary amount$0$365,468$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.195%7.640%
1st payment$2,075.14$2,075.14$4,953.35
2nd payment$0.00$2,360.31$0.00
Taxes / mo$571.50$571.50$571.50
Insurance / mo$216.67$216.67$216.67
MI / mo$318.56$318.56$143.08
HOA / mo$93.00$93.00$93.00
Total monthly$3,274.87$5,635.19$5,977.60
Cash to close$444,958$79,490$79,490