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$355,537$355,537$367,200
Remaining term (yrs)29.029.030.0
Secondary amount$0$32,063$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.670%5.266%7.640%
1st payment$1,747.10$1,747.10$2,542.42
2nd payment$0.00$317.29$0.00
Taxes / mo$187.58$187.58$187.58
Insurance / mo$150.00$150.00$150.00
MI / mo$165.32$165.32$73.44
HOA / mo$19.17$19.17$19.17
Total monthly$2,269.17$2,586.47$2,972.61
Cash to close$52,463$20,400$40,800