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$373,576$373,576$452,700
Remaining term (yrs)23.323.330.0
Secondary amount$0$79,124$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.344%7.640%
1st payment$1,993.45$1,993.45$3,134.40
2nd payment$0.00$593.43$0.00
Taxes / mo$307.33$307.33$307.33
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$90.54
HOA / mo$66.67$66.67$66.67
Total monthly$2,840.14$3,433.57$3,765.61
Cash to close$129,424$50,300$50,300