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$366,441$366,441$414,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$47,559$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%4.495%7.560%
1st payment$1,760.94$1,760.94$2,843.89
2nd payment$0.00$356.69$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$293.60$293.60$82.80
HOA / mo$200.00$200.00$200.00
Total monthly$2,804.53$3,161.22$3,676.69
Cash to close$93,559$46,000$46,000