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$374,782$374,782$517,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$142,718$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.393%7.640%
1st payment$1,863.35$1,863.35$3,583.07
2nd payment$0.00$951.45$0.00
Taxes / mo$402.24$402.24$402.24
Insurance / mo$166.67$166.67$166.67
MI / mo$292.11$292.11$103.50
HOA / mo$288.33$288.33$288.33
Total monthly$3,012.70$3,964.16$4,543.80
Cash to close$200,218$57,500$57,500