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$402,451$402,451$616,496
Remaining term (yrs)23.923.930.0
Secondary amount$0$214,045$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.165%7.640%
1st payment$1,944.90$1,944.90$4,268.49
2nd payment$0.00$1,382.37$0.00
Taxes / mo$260.33$260.33$260.33
Insurance / mo$166.67$166.67$166.67
MI / mo$329.28$329.28$123.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,701.18$4,083.55$4,818.79
Cash to close$282,544$68,500$68,500