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$347,617$347,617$404,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$56,483$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.273%7.560%
1st payment$1,998.41$1,998.41$2,775.89
2nd payment$0.00$423.62$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$264.29$264.29$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,786.87$3,210.49$3,380.87
Cash to close$101,383$44,900$44,900