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$353,888$353,888$396,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$42,112$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%4.523%7.560%
1st payment$1,685.67$1,685.67$2,720.25
2nd payment$0.00$315.84$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,480.54$2,796.38$3,316.11
Cash to close$86,112$44,000$44,000