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$385,863$385,863$449,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$63,237$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.627%7.640%
1st payment$1,854.27$1,854.27$3,109.48
2nd payment$0.00$474.28$0.00
Taxes / mo$458.92$458.92$458.92
Insurance / mo$166.67$166.67$166.67
MI / mo$309.16$309.16$89.82
HOA / mo$70.00$70.00$70.00
Total monthly$2,859.01$3,333.29$3,894.88
Cash to close$113,137$49,900$49,900