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$348,845$348,845$377,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$29,065$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.311%7.640%
1st payment$1,656.02$1,656.02$2,616.57
2nd payment$0.00$217.99$0.00
Taxes / mo$158.36$158.36$158.36
Insurance / mo$150.00$150.00$150.00
MI / mo$275.75$275.75$75.58
HOA / mo$40.58$40.58$40.58
Total monthly$2,280.71$2,498.70$3,041.10
Cash to close$71,055$41,990$41,990