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$383,154$383,154$526,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$143,346$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.417%7.560%
1st payment$2,043.36$2,043.36$3,616.69
2nd payment$0.00$955.64$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$318.35$318.35$105.30
HOA / mo$490.00$490.00$490.00
Total monthly$3,505.88$4,461.52$4,866.16
Cash to close$201,846$58,500$58,500