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$359,627$359,627$441,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$81,373$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.420%7.640%
1st payment$1,825.50$1,825.50$3,053.39
2nd payment$0.00$610.30$0.00
Taxes / mo$190.42$190.42$190.42
Insurance / mo$166.67$166.67$166.67
MI / mo$278.87$278.87$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,461.45$3,071.75$3,498.68
Cash to close$130,373$49,000$49,000