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$376,014$376,014$585,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$208,986$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.256%7.640%
1st payment$1,836.99$1,836.99$4,050.42
2nd payment$0.00$1,349.70$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$307.84$307.84$117.00
HOA / mo$212.00$212.00$212.00
Total monthly$3,065.17$4,414.87$5,087.76
Cash to close$273,986$65,000$65,000