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$378,972$378,972$521,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$142,128$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%5.156%7.640%
1st payment$1,899.19$1,899.19$3,607.99
2nd payment$0.00$947.52$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$309.50$309.50$104.22
HOA / mo$160.00$160.00$160.00
Total monthly$3,017.85$3,965.38$4,521.38
Cash to close$200,028$57,900$57,900