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$388,087$388,087$476,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$88,823$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%4.939%7.560%
1st payment$1,928.66$1,928.66$3,276.04
2nd payment$0.00$666.17$0.00
Taxes / mo$546.00$546.00$546.00
Insurance / mo$166.67$166.67$166.67
MI / mo$317.50$317.50$95.38
HOA / mo$35.00$35.00$35.00
Total monthly$2,993.82$3,659.99$4,119.09
Cash to close$141,813$52,990$52,990