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$357,169$357,169$468,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$110,831$0
Funding fee$0$0$0
Note rate3.280%3.280%7.400%
Blended rate4.130%5.046%7.640%
1st payment$1,801.55$1,801.55$3,240.34
2nd payment$0.00$738.88$0.00
Taxes / mo$283.17$283.17$283.17
Insurance / mo$166.67$166.67$166.67
MI / mo$292.11$292.11$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,543.50$3,282.37$3,783.77
Cash to close$162,831$52,000$52,000