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$352,711$352,711$384,300
Remaining term (yrs)24.524.530.0
Secondary amount$0$31,589$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.356%7.640%
1st payment$1,704.31$1,704.31$2,660.82
2nd payment$0.00$236.91$0.00
Taxes / mo$254.25$254.25$254.25
Insurance / mo$150.00$150.00$150.00
MI / mo$283.07$283.07$76.86
HOA / mo$0.00$0.00$0.00
Total monthly$2,391.63$2,628.54$3,141.93
Cash to close$74,289$42,700$42,700