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$342,553$342,553$535,499
Remaining term (yrs)23.123.130.0
Secondary amount$0$192,947$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.825%7.640%
1st payment$1,841.63$1,841.63$3,707.69
2nd payment$0.00$1,286.31$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$281.68$281.68$107.10
HOA / mo$375.00$375.00$375.00
Total monthly$3,160.81$4,447.12$4,852.29
Cash to close$252,446$59,500$59,500