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$355,112$355,112$521,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$165,988$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.261%7.640%
1st payment$1,719.48$1,719.48$3,607.99
2nd payment$0.00$1,106.59$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$284.14$284.14$104.22
HOA / mo$131.00$131.00$131.00
Total monthly$2,783.78$3,890.37$4,492.38
Cash to close$223,888$57,900$57,900