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$396,216$396,216$594,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$197,784$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.118%7.640%
1st payment$1,883.34$1,883.34$4,112.74
2nd payment$0.00$1,318.56$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$323.41$323.41$118.80
HOA / mo$474.00$474.00$474.00
Total monthly$3,397.41$4,715.97$5,422.20
Cash to close$263,784$66,000$66,000