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$392,060$392,060$566,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$174,850$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.992%7.640%
1st payment$1,818.67$1,818.67$3,925.17
2nd payment$0.00$1,165.66$0.00
Taxes / mo$524.92$524.92$524.92
Insurance / mo$166.67$166.67$166.67
MI / mo$313.52$313.52$113.38
HOA / mo$121.00$121.00$121.00
Total monthly$2,944.77$4,110.43$4,851.14
Cash to close$237,840$62,990$62,990