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$373,082$373,082$449,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$76,018$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%4.821%7.560%
1st payment$1,773.17$1,773.17$3,085.01
2nd payment$0.00$570.14$0.00
Taxes / mo$338.75$338.75$338.75
Insurance / mo$166.67$166.67$166.67
MI / mo$293.39$293.39$89.82
HOA / mo$115.00$115.00$115.00
Total monthly$2,686.98$3,257.11$3,795.24
Cash to close$125,918$49,900$49,900