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$356,163$356,163$791,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$434,937$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.314%7.560%
1st payment$2,122.23$2,122.23$5,434.31
2nd payment$0.00$2,808.97$0.00
Taxes / mo$732.50$732.50$732.50
Insurance / mo$216.67$216.67$216.67
MI / mo$326.19$326.19$158.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,397.59$6,206.55$6,541.69
Cash to close$522,837$87,900$87,900