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$346,176$346,176$395,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$49,734$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%4.514%7.560%
1st payment$1,660.11$1,660.11$2,719.63
2nd payment$0.00$373.01$0.00
Taxes / mo$428.83$428.83$428.83
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,517.15$2,890.15$3,377.64
Cash to close$93,724$43,990$43,990