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$358,095$358,095$499,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$141,315$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.074%7.560%
1st payment$1,699.93$1,699.93$3,430.60
2nd payment$0.00$942.10$0.00
Taxes / mo$462.42$462.42$462.42
Insurance / mo$166.67$166.67$166.67
MI / mo$283.06$283.06$99.88
HOA / mo$208.00$208.00$208.00
Total monthly$2,820.08$3,762.17$4,367.57
Cash to close$196,805$55,490$55,490