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$341,467$341,467$472,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$131,033$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.434%7.640%
1st payment$1,804.33$1,804.33$3,271.49
2nd payment$0.00$873.55$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$166.67$166.67$166.67
MI / mo$281.11$281.11$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,552.02$3,425.58$3,832.58
Cash to close$183,533$52,500$52,500