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$374,840$374,840$414,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$39,160$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.247%7.560%
1st payment$1,750.17$1,750.17$2,843.89
2nd payment$0.00$293.70$0.00
Taxes / mo$298.33$298.33$298.33
Insurance / mo$166.67$166.67$166.67
MI / mo$297.84$297.84$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,513.01$2,806.71$3,391.69
Cash to close$85,160$46,000$46,000