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$4,353$4,353$355,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$351,147$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%7.700%7.640%
1st payment$21.25$21.25$2,461.41
2nd payment$0.00$2,267.82$0.00
Taxes / mo$291.83$291.83$291.83
Insurance / mo$150.00$150.00$150.00
MI / mo$3.58$3.58$71.10
HOA / mo$80.00$80.00$80.00
Total monthly$546.66$2,814.49$3,054.34
Cash to close$390,647$39,500$39,500