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$395,178$395,178$582,300
Remaining term (yrs)21.121.130.0
Secondary amount$0$187,122$0
Funding fee$0$0$0
Note rate4.090%4.090%7.400%
Blended rate4.940%5.923%7.640%
1st payment$2,321.99$2,321.99$4,031.73
2nd payment$0.00$1,247.48$0.00
Taxes / mo$539.17$539.17$539.17
Insurance / mo$166.67$166.67$166.67
MI / mo$340.80$340.80$116.46
HOA / mo$65.00$65.00$65.00
Total monthly$3,433.62$4,681.10$4,919.02
Cash to close$251,822$64,700$64,700