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$373,659$373,659$593,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$219,441$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.753%7.640%
1st payment$1,995.90$1,995.90$4,106.50
2nd payment$0.00$1,417.22$0.00
Taxes / mo$549.17$549.17$549.17
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$118.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,017.75$4,434.98$4,940.96
Cash to close$285,341$65,900$65,900