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$353,339$353,339$562,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$209,161$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.583%7.640%
1st payment$1,737.72$1,737.72$3,894.64
2nd payment$0.00$1,350.83$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$275.82$275.82$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,701.04$4,051.87$4,694.64
Cash to close$271,661$62,500$62,500