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$394,501$394,501$422,999
Remaining term (yrs)25.325.330.0
Secondary amount$0$28,498$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%5.055%7.640%
1st payment$2,045.01$2,045.01$2,928.76
2nd payment$0.00$213.73$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$306.37$306.37$84.60
HOA / mo$206.00$206.00$206.00
Total monthly$3,115.71$3,329.45$3,777.69
Cash to close$75,498$47,000$47,000