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$345,678$345,678$611,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$265,422$0
Funding fee$0$0$0
Note rate4.510%4.510%7.320%
Blended rate5.360%6.398%7.560%
1st payment$2,040.11$2,040.11$4,197.83
2nd payment$0.00$1,714.18$0.00
Taxes / mo$480.33$480.33$480.33
Insurance / mo$166.67$166.67$166.67
MI / mo$284.87$284.87$122.22
HOA / mo$335.00$335.00$335.00
Total monthly$3,306.97$5,021.16$5,302.05
Cash to close$333,322$67,900$67,900