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$379,485$379,485$418,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,015$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%4.439%7.560%
1st payment$1,807.50$1,807.50$2,874.80
2nd payment$0.00$292.61$0.00
Taxes / mo$242.25$242.25$242.25
Insurance / mo$166.67$166.67$166.67
MI / mo$299.07$299.07$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,515.48$2,808.09$3,367.42
Cash to close$85,515$46,500$46,500