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$349,286$349,286$485,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$136,624$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.563%7.640%
1st payment$1,773.01$1,773.01$3,364.34
2nd payment$0.00$910.82$0.00
Taxes / mo$442.33$442.33$442.33
Insurance / mo$166.67$166.67$166.67
MI / mo$270.85$270.85$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,652.86$3,563.69$4,070.52
Cash to close$190,614$53,990$53,990