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$367,570$367,570$575,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$207,530$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.609%7.640%
1st payment$1,827.50$1,827.50$3,981.88
2nd payment$0.00$1,340.30$0.00
Taxes / mo$532.50$532.50$532.50
Insurance / mo$166.67$166.67$166.67
MI / mo$286.49$286.49$115.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,813.15$4,153.45$4,796.06
Cash to close$271,430$63,900$63,900