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$369,048$369,048$522,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$152,952$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.137%7.640%
1st payment$1,750.12$1,750.12$3,614.22
2nd payment$0.00$1,019.68$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$290.31$290.31$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,690.43$3,710.11$4,368.62
Cash to close$210,952$58,000$58,000