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$365,400$365,400$508,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$143,100$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.535%7.640%
1st payment$1,949.82$1,949.82$3,520.75
2nd payment$0.00$954.00$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$299.32$299.32$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,886.65$3,840.65$4,259.95
Cash to close$199,600$56,500$56,500