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$375,425$375,425$508,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$133,075$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.840%7.640%
1st payment$1,755.03$1,755.03$3,520.75
2nd payment$0.00$887.17$0.00
Taxes / mo$519.83$519.83$519.83
Insurance / mo$166.67$166.67$166.67
MI / mo$299.82$299.82$101.70
HOA / mo$112.00$112.00$112.00
Total monthly$2,853.35$3,740.52$4,420.95
Cash to close$189,575$56,500$56,500