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$381,966$381,966$485,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$103,944$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%4.981%7.560%
1st payment$1,937.10$1,937.10$3,337.86
2nd payment$0.00$692.96$0.00
Taxes / mo$253.33$253.33$253.33
Insurance / mo$166.67$166.67$166.67
MI / mo$312.91$312.91$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,670.01$3,362.97$3,855.05
Cash to close$157,934$53,990$53,990