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$374,677$374,677$477,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$102,323$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%4.827%7.560%
1st payment$1,774.97$1,774.97$3,276.66
2nd payment$0.00$682.15$0.00
Taxes / mo$340.00$340.00$340.00
Insurance / mo$166.67$166.67$166.67
MI / mo$294.06$294.06$95.40
HOA / mo$360.33$360.33$360.33
Total monthly$2,936.03$3,618.18$4,239.06
Cash to close$155,323$53,000$53,000