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$345,455$345,455$629,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$283,645$0
Funding fee$0$0$0
Note rate4.570%4.570%7.320%
Blended rate5.420%6.471%7.560%
1st payment$2,081.64$2,081.64$4,321.48
2nd payment$0.00$1,831.87$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$288.63$288.63$125.82
HOA / mo$214.00$214.00$214.00
Total monthly$3,333.44$5,165.31$5,410.47
Cash to close$353,545$69,900$69,900