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$372,282$372,282$539,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$166,818$0
Funding fee$0$0$0
Note rate3.730%3.730%7.240%
Blended rate4.580%5.638%7.480%
1st payment$2,011.14$2,011.14$3,673.96
2nd payment$0.00$1,112.12$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$308.36$308.36$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,985.33$4,097.45$4,447.61
Cash to close$226,718$59,900$59,900