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$371,738$371,738$558,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$186,262$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.535%7.640%
1st payment$1,917.01$1,917.01$3,863.48
2nd payment$0.00$1,241.75$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$304.28$304.28$111.60
HOA / mo$131.00$131.00$131.00
Total monthly$3,035.63$4,277.38$4,789.41
Cash to close$248,262$62,000$62,000