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$352,285$352,285$549,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$196,715$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.658%7.640%
1st payment$1,830.18$1,830.18$3,801.17
2nd payment$0.00$1,311.43$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$288.70$288.70$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,793.87$4,105.30$4,585.97
Cash to close$257,715$61,000$61,000