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$345,660$345,660$359,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$34,245$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.347%7.640%
1st payment$1,764.95$1,764.95$2,491.94
2nd payment$0.00$338.88$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$266.67$266.67$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,514.87$2,853.74$3,047.18
Cash to close$54,240$19,995$39,990