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$396,853$396,853$449,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$53,057$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.175%7.560%
1st payment$1,847.05$1,847.05$3,090.57
2nd payment$0.00$397.92$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$323.41$323.41$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,753.71$3,151.63$3,763.80
Cash to close$103,047$49,990$49,990