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$343,614$343,614$394,200
Remaining term (yrs)25.425.430.0
Secondary amount$0$50,586$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.287%7.640%
1st payment$1,768.76$1,768.76$2,729.36
2nd payment$0.00$379.40$0.00
Taxes / mo$103.90$103.90$103.90
Insurance / mo$150.00$150.00$150.00
MI / mo$265.95$265.95$78.84
HOA / mo$12.50$12.50$12.50
Total monthly$2,301.11$2,680.51$3,074.61
Cash to close$94,386$43,800$43,800