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$368,255$368,255$449,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$80,845$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%4.810%7.640%
1st payment$1,765.82$1,765.82$3,109.48
2nd payment$0.00$606.34$0.00
Taxes / mo$599.42$599.42$599.42
Insurance / mo$166.67$166.67$166.67
MI / mo$295.16$295.16$89.82
HOA / mo$175.00$175.00$175.00
Total monthly$3,002.06$3,608.40$4,140.38
Cash to close$130,745$49,900$49,900