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$395,449$395,449$494,955
Remaining term (yrs)24.424.430.0
Secondary amount$0$99,506$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.726%7.560%
1st payment$1,855.88$1,855.88$3,400.00
2nd payment$0.00$746.30$0.00
Taxes / mo$481.33$481.33$481.33
Insurance / mo$166.67$166.67$166.67
MI / mo$319.93$319.93$98.99
HOA / mo$9.17$9.17$9.17
Total monthly$2,832.98$3,579.28$4,156.16
Cash to close$154,501$54,995$54,995