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$390,751$390,751$467,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$77,159$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.369%7.640%
1st payment$2,243.86$2,243.86$3,239.71
2nd payment$0.00$578.69$0.00
Taxes / mo$422.33$422.33$422.33
Insurance / mo$166.67$166.67$166.67
MI / mo$296.08$296.08$93.58
HOA / mo$75.00$75.00$75.00
Total monthly$3,203.94$3,782.63$3,997.30
Cash to close$129,149$51,990$51,990