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$386,895$386,895$427,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$40,605$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.222%7.640%
1st payment$1,808.65$1,808.65$2,959.92
2nd payment$0.00$304.54$0.00
Taxes / mo$395.25$395.25$395.25
Insurance / mo$166.67$166.67$166.67
MI / mo$308.98$308.98$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,679.55$2,984.09$3,607.34
Cash to close$88,105$47,500$47,500