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$357,112$357,112$422,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$64,988$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.024%7.560%
1st payment$1,752.70$1,752.70$2,899.53
2nd payment$0.00$487.41$0.00
Taxes / mo$592.17$592.17$592.17
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,789.74$3,277.14$3,742.79
Cash to close$111,888$46,900$46,900