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$356,681$356,681$373,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$37,569$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.678%7.640%
1st payment$1,689.52$1,689.52$2,586.04
2nd payment$0.00$371.78$0.00
Taxes / mo$184.33$184.33$184.33
Insurance / mo$150.00$150.00$150.00
MI / mo$281.33$281.33$74.70
HOA / mo$18.33$18.33$18.33
Total monthly$2,323.52$2,695.30$3,013.40
Cash to close$58,319$20,750$41,500