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$374,044$374,044$476,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$102,056$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.250%7.640%
1st payment$2,312.46$2,312.46$3,296.42
2nd payment$0.00$680.38$0.00
Taxes / mo$440.83$440.83$440.83
Insurance / mo$166.67$166.67$166.67
MI / mo$358.06$358.06$95.22
HOA / mo$330.00$330.00$330.00
Total monthly$3,608.02$4,288.40$4,329.14
Cash to close$154,956$52,900$52,900