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$373,832$373,832$416,700
Remaining term (yrs)24.824.830.0
Secondary amount$0$42,868$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.290%7.640%
1st payment$1,757.37$1,757.37$2,885.15
2nd payment$0.00$321.51$0.00
Taxes / mo$136.08$136.08$136.08
Insurance / mo$166.67$166.67$166.67
MI / mo$299.07$299.07$83.34
HOA / mo$0.00$0.00$0.00
Total monthly$2,359.18$2,680.69$3,271.24
Cash to close$89,168$46,300$46,300