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$357,761$357,761$620,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$262,339$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%5.811%7.560%
1st payment$2,088.22$2,088.22$4,259.66
2nd payment$0.00$1,694.27$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$327.77$327.77$124.02
HOA / mo$530.00$530.00$530.00
Total monthly$3,686.83$5,381.10$5,654.51
Cash to close$331,239$68,900$68,900