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$367,135$367,135$571,499
Remaining term (yrs)24.424.430.0
Secondary amount$0$204,364$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.277%7.640%
1st payment$1,770.37$1,770.37$3,956.94
2nd payment$0.00$1,319.85$0.00
Taxes / mo$529.17$529.17$529.17
Insurance / mo$166.67$166.67$166.67
MI / mo$295.54$295.54$114.30
HOA / mo$175.00$175.00$175.00
Total monthly$2,936.74$4,256.60$4,942.08
Cash to close$267,864$63,500$63,500