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$402,737$402,737$449,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$46,363$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.238%7.640%
1st payment$1,855.36$1,855.36$3,109.48
2nd payment$0.00$347.73$0.00
Taxes / mo$344.67$344.67$344.67
Insurance / mo$166.67$166.67$166.67
MI / mo$318.19$318.19$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,684.88$3,032.61$3,710.63
Cash to close$96,263$49,900$49,900