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$369,691$369,691$463,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$93,809$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.988%7.640%
1st payment$1,757.06$1,757.06$3,209.18
2nd payment$0.00$703.57$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$290.72$290.72$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,747.77$3,451.34$4,001.88
Cash to close$145,309$51,500$51,500