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$348,929$348,929$404,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$55,171$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%5.555%7.640%
1st payment$1,845.12$1,845.12$2,797.91
2nd payment$0.00$413.78$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$268.54$268.54$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,637.83$3,051.61$3,402.89
Cash to close$100,071$44,900$44,900