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$338,567$338,567$466,200
Remaining term (yrs)25.425.430.0
Secondary amount$0$127,633$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.313%7.640%
1st payment$1,665.07$1,665.07$3,227.87
2nd payment$0.00$850.89$0.00
Taxes / mo$431.67$431.67$431.67
Insurance / mo$166.67$166.67$166.67
MI / mo$264.29$264.29$93.24
HOA / mo$0.00$0.00$0.00
Total monthly$2,527.69$3,378.58$3,919.45
Cash to close$179,433$51,800$51,800