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$355,167$355,167$512,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$157,832$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.217%7.560%
1st payment$1,759.51$1,759.51$3,523.95
2nd payment$0.00$1,052.21$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$290.76$290.76$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,691.93$3,744.15$4,268.21
Cash to close$214,832$57,000$57,000