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$346,176$346,176$378,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$31,824$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%4.302%7.560%
1st payment$1,660.11$1,660.11$2,596.60
2nd payment$0.00$238.68$0.00
Taxes / mo$428.83$428.83$428.83
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,517.15$2,755.83$3,251.03
Cash to close$73,824$42,000$42,000