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$368,418$368,418$562,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$194,082$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%5.786%7.640%
1st payment$1,998.15$1,998.15$3,894.64
2nd payment$0.00$1,293.88$0.00
Taxes / mo$488.42$488.42$488.42
Insurance / mo$166.67$166.67$166.67
MI / mo$304.87$304.87$112.50
HOA / mo$85.00$85.00$85.00
Total monthly$3,043.10$4,336.98$4,747.22
Cash to close$256,582$62,500$62,500