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$389,662$389,662$436,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$46,748$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.161%7.640%
1st payment$1,819.12$1,819.12$3,021.61
2nd payment$0.00$350.61$0.00
Taxes / mo$333.58$333.58$333.58
Insurance / mo$166.67$166.67$166.67
MI / mo$316.45$316.45$87.28
HOA / mo$41.67$41.67$41.67
Total monthly$2,677.49$3,028.10$3,650.82
Cash to close$95,238$48,490$48,490