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$368,311$368,311$463,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$95,189$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%4.979%7.560%
1st payment$1,779.68$1,779.68$3,183.92
2nd payment$0.00$713.92$0.00
Taxes / mo$238.83$238.83$238.83
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$92.70
HOA / mo$15.42$15.42$15.42
Total monthly$2,496.19$3,210.11$3,697.54
Cash to close$146,689$51,500$51,500