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$351,181$351,181$508,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$157,319$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.148%7.640%
1st payment$1,672.74$1,672.74$3,520.75
2nd payment$0.00$1,048.79$0.00
Taxes / mo$297.58$297.58$297.58
Insurance / mo$166.67$166.67$166.67
MI / mo$280.32$280.32$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,417.30$3,466.10$4,086.70
Cash to close$213,819$56,500$56,500