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$386,193$386,193$495,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$108,807$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%5.238%7.640%
1st payment$2,047.39$2,047.39$3,427.28
2nd payment$0.00$725.38$0.00
Taxes / mo$326.50$326.50$326.50
Insurance / mo$166.67$166.67$166.67
MI / mo$318.59$318.59$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,859.14$3,584.52$4,019.45
Cash to close$163,807$55,000$55,000