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$353,555$353,555$431,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$78,355$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%4.948%7.640%
1st payment$1,772.67$1,772.67$2,990.46
2nd payment$0.00$587.67$0.00
Taxes / mo$368.67$368.67$368.67
Insurance / mo$166.67$166.67$166.67
MI / mo$290.34$290.34$86.38
HOA / mo$38.00$38.00$38.00
Total monthly$2,636.35$3,224.01$3,650.17
Cash to close$126,345$47,990$47,990