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$390,560$390,560$539,100
Remaining term (yrs)21.521.530.0
Secondary amount$0$148,540$0
Funding fee$0$0$0
Note rate4.380%4.380%7.320%
Blended rate5.230%5.993%7.560%
1st payment$2,328.55$2,328.55$3,703.24
2nd payment$0.00$990.27$0.00
Taxes / mo$590.75$590.75$590.75
Insurance / mo$166.67$166.67$166.67
MI / mo$330.15$330.15$107.82
HOA / mo$60.00$60.00$60.00
Total monthly$3,476.12$4,466.39$4,628.48
Cash to close$208,440$59,900$59,900