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$375,270$375,270$504,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$128,730$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.044%7.640%
1st payment$1,873.24$1,873.24$3,489.59
2nd payment$0.00$858.20$0.00
Taxes / mo$382.17$382.17$382.17
Insurance / mo$166.67$166.67$166.67
MI / mo$307.59$307.59$100.80
HOA / mo$33.50$33.50$33.50
Total monthly$2,763.17$3,621.36$4,172.73
Cash to close$184,730$56,000$56,000