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$363,282$363,282$697,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$334,218$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%6.094%7.560%
1st payment$2,154.25$2,154.25$4,791.34
2nd payment$0.00$2,158.49$0.00
Taxes / mo$722.17$722.17$722.17
Insurance / mo$216.67$216.67$216.67
MI / mo$330.71$330.71$139.50
HOA / mo$58.00$58.00$58.00
Total monthly$3,481.79$5,640.28$5,927.67
Cash to close$411,718$77,500$77,500