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$375,096$375,096$990,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$614,904$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.443%7.640%
1st payment$1,934.33$1,934.33$6,854.56
2nd payment$0.00$3,971.26$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$307.03$307.03$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,374.69$7,345.95$8,185.89
Cash to close$724,904$110,000$110,000