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$375,421$375,421$521,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$145,679$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.025%7.640%
1st payment$1,784.20$1,784.20$3,607.99
2nd payment$0.00$971.19$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$299.00$299.00$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,732.36$3,703.55$4,361.38
Cash to close$203,579$57,900$57,900