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$396,099$396,099$472,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$76,401$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.565%7.640%
1st payment$1,841.24$1,841.24$3,271.49
2nd payment$0.00$573.00$0.00
Taxes / mo$348.67$348.67$348.67
Insurance / mo$166.67$166.67$166.67
MI / mo$314.96$314.96$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,671.54$3,244.54$3,881.33
Cash to close$128,901$52,500$52,500