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$357,298$357,298$378,000
Remaining term (yrs)33.533.530.0
Secondary amount$0$41,702$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.271%7.560%
1st payment$1,537.57$1,537.57$2,596.60
2nd payment$0.00$412.67$0.00
Taxes / mo$562.33$562.33$562.33
Insurance / mo$150.00$150.00$150.00
MI / mo$274.72$274.72$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,524.62$2,937.30$3,384.53
Cash to close$62,702$21,000$42,000