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$349,143$349,143$405,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$55,857$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%5.052%7.560%
1st payment$1,843.55$1,843.55$2,782.07
2nd payment$0.00$418.92$0.00
Taxes / mo$590.67$590.67$590.67
Insurance / mo$150.00$150.00$150.00
MI / mo$288.29$288.29$81.00
HOA / mo$45.33$45.33$45.33
Total monthly$2,917.84$3,336.77$3,649.07
Cash to close$100,857$45,000$45,000