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$355,463$355,463$485,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$130,447$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.293%7.640%
1st payment$1,748.16$1,748.16$3,364.34
2nd payment$0.00$869.65$0.00
Taxes / mo$129.83$129.83$129.83
Insurance / mo$166.67$166.67$166.67
MI / mo$277.48$277.48$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,322.14$3,191.79$3,758.02
Cash to close$184,437$53,990$53,990