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$377,741$377,741$415,800
Remaining term (yrs)25.325.330.0
Secondary amount$0$38,059$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%4.821%7.560%
1st payment$1,878.07$1,878.07$2,856.26
2nd payment$0.00$285.44$0.00
Taxes / mo$779.75$779.75$779.75
Insurance / mo$166.67$166.67$166.67
MI / mo$294.42$294.42$83.16
HOA / mo$53.00$53.00$53.00
Total monthly$3,171.90$3,457.34$3,938.83
Cash to close$84,259$46,200$46,200