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$401,396$401,396$539,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$138,603$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.796%7.640%
1st payment$1,857.51$1,857.51$3,738.84
2nd payment$0.00$924.02$0.00
Taxes / mo$286.75$286.75$286.75
Insurance / mo$166.67$166.67$166.67
MI / mo$318.56$318.56$108.00
HOA / mo$41.67$41.67$41.67
Total monthly$2,671.16$3,595.18$4,341.93
Cash to close$198,603$60,000$60,000