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$392,567$392,567$539,010
Remaining term (yrs)24.424.430.0
Secondary amount$0$146,443$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.839%7.640%
1st payment$1,844.37$1,844.37$3,732.00
2nd payment$0.00$976.29$0.00
Taxes / mo$499.08$499.08$499.08
Insurance / mo$166.67$166.67$166.67
MI / mo$317.54$317.54$107.80
HOA / mo$280.00$280.00$280.00
Total monthly$3,107.65$4,083.94$4,785.55
Cash to close$206,333$59,890$59,890