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$375,829$375,829$503,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$127,271$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.415%7.640%
1st payment$1,889.68$1,889.68$3,483.36
2nd payment$0.00$848.47$0.00
Taxes / mo$951.25$951.25$951.25
Insurance / mo$166.67$166.67$166.67
MI / mo$291.16$291.16$100.62
HOA / mo$83.33$83.33$83.33
Total monthly$3,382.09$4,230.56$4,785.23
Cash to close$183,171$55,900$55,900