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$387,145$387,145$481,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$94,355$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.803%7.640%
1st payment$1,821.82$1,821.82$3,333.81
2nd payment$0.00$707.66$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$308.84$308.84$96.30
HOA / mo$239.00$239.00$239.00
Total monthly$2,982.16$3,689.83$4,281.61
Cash to close$147,855$53,500$53,500