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$383,185$383,185$432,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$48,815$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.317%7.560%
1st payment$1,791.31$1,791.31$2,967.54
2nd payment$0.00$366.11$0.00
Taxes / mo$304.58$304.58$304.58
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,568.58$2,934.69$3,525.19
Cash to close$96,815$48,000$48,000