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$382,956$382,956$445,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$62,544$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.539%7.640%
1st payment$1,812.15$1,812.15$3,084.55
2nd payment$0.00$469.08$0.00
Taxes / mo$53.83$53.83$53.83
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$89.10
HOA / mo$300.00$300.00$300.00
Total monthly$2,638.67$3,107.75$3,694.15
Cash to close$112,044$49,500$49,500