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$342,729$342,729$494,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$151,371$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%5.621%7.560%
1st payment$1,828.85$1,828.85$3,394.12
2nd payment$0.00$1,009.14$0.00
Taxes / mo$245.17$245.17$245.17
Insurance / mo$166.67$166.67$166.67
MI / mo$280.75$280.75$98.82
HOA / mo$60.00$60.00$60.00
Total monthly$2,581.43$3,590.57$3,964.78
Cash to close$206,271$54,900$54,900