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$371,079$371,079$467,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$96,831$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%5.090%7.640%
1st payment$1,779.46$1,779.46$3,239.71
2nd payment$0.00$726.23$0.00
Taxes / mo$433.25$433.25$433.25
Insurance / mo$166.67$166.67$166.67
MI / mo$290.72$290.72$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,670.09$3,396.33$3,933.21
Cash to close$148,821$51,990$51,990