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$374,507$374,507$508,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$133,993$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.275%7.640%
1st payment$1,834.35$1,834.35$3,520.75
2nd payment$0.00$893.29$0.00
Taxes / mo$951.25$951.25$951.25
Insurance / mo$166.67$166.67$166.67
MI / mo$291.16$291.16$101.70
HOA / mo$83.33$83.33$83.33
Total monthly$3,326.76$4,220.05$4,823.70
Cash to close$190,493$56,500$56,500