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$373,387$373,387$539,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$166,523$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.545%7.560%
1st payment$1,982.06$1,982.06$3,708.81
2nd payment$0.00$1,110.15$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$308.80$308.80$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,957.45$4,067.60$4,483.37
Cash to close$226,513$59,990$59,990