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$381,066$381,066$486,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$104,934$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.444%7.640%
1st payment$1,965.29$1,965.29$3,364.97
2nd payment$0.00$699.56$0.00
Taxes / mo$216.08$216.08$216.08
Insurance / mo$166.67$166.67$166.67
MI / mo$295.50$295.50$97.20
HOA / mo$20.83$20.83$20.83
Total monthly$2,664.37$3,363.93$3,865.75
Cash to close$158,934$54,000$54,000