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$357,573$357,573$643,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$285,837$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.766%7.640%
1st payment$1,817.15$1,817.15$4,454.84
2nd payment$0.00$1,846.03$0.00
Taxes / mo$595.75$595.75$595.75
Insurance / mo$216.67$216.67$216.67
MI / mo$292.79$292.79$128.68
HOA / mo$115.00$115.00$115.00
Total monthly$3,037.36$4,883.39$5,510.94
Cash to close$357,327$71,490$71,490