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$357,850$357,850$395,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$38,060$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%5.150%7.560%
1st payment$1,835.08$1,835.08$2,719.63
2nd payment$0.00$285.45$0.00
Taxes / mo$217.57$217.57$217.57
Insurance / mo$150.00$150.00$150.00
MI / mo$275.92$275.92$79.18
HOA / mo$22.92$22.92$22.92
Total monthly$2,501.50$2,786.95$3,189.30
Cash to close$82,050$43,990$43,990