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$376,968$376,968$487,800
Remaining term (yrs)25.425.430.0
Secondary amount$0$110,832$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.326%7.640%
1st payment$1,899.12$1,899.12$3,377.43
2nd payment$0.00$738.88$0.00
Taxes / mo$451.67$451.67$451.67
Insurance / mo$166.67$166.67$166.67
MI / mo$292.62$292.62$97.56
HOA / mo$167.00$167.00$167.00
Total monthly$2,977.07$3,715.94$4,260.32
Cash to close$165,032$54,200$54,200