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$377,878$377,878$603,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$225,122$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.275%7.640%
1st payment$1,790.22$1,790.22$4,175.05
2nd payment$0.00$1,453.91$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$302.71$302.71$120.60
HOA / mo$190.00$190.00$190.00
Total monthly$3,007.93$4,461.84$5,210.65
Cash to close$292,122$67,000$67,000