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$391,440$391,440$404,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$35,110$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.446%7.640%
1st payment$1,846.21$1,846.21$2,797.91
2nd payment$0.00$347.44$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$312.98$312.98$80.82
HOA / mo$36.67$36.67$36.67
Total monthly$2,645.86$2,993.30$3,365.40
Cash to close$57,560$22,450$44,900