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$373,790$373,790$400,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,710$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%4.837%7.640%
1st payment$1,886.81$1,886.81$2,772.98
2nd payment$0.00$200.32$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$290.72$290.72$80.10
HOA / mo$1.67$1.67$1.67
Total monthly$2,654.20$2,854.52$3,329.75
Cash to close$71,210$44,500$44,500