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$375,874$375,874$490,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$114,626$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%4.866%7.560%
1st payment$1,806.27$1,806.27$3,369.39
2nd payment$0.00$764.18$0.00
Taxes / mo$42.83$42.83$42.83
Insurance / mo$166.67$166.67$166.67
MI / mo$301.15$301.15$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,316.92$3,081.09$3,676.99
Cash to close$169,126$54,500$54,500