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$347,356$347,356$386,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$38,744$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.050%5.446%7.560%
1st payment$1,814.70$1,814.70$2,652.24
2nd payment$0.00$290.58$0.00
Taxes / mo$599.17$599.17$599.17
Insurance / mo$150.00$150.00$150.00
MI / mo$164.15$164.15$77.22
HOA / mo$108.00$108.00$108.00
Total monthly$2,836.02$3,126.60$3,586.63
Cash to close$81,644$42,900$42,900