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$395,960$395,960$544,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$148,540$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.837%7.640%
1st payment$1,876.05$1,876.05$3,770.01
2nd payment$0.00$990.26$0.00
Taxes / mo$504.17$504.17$504.17
Insurance / mo$166.67$166.67$166.67
MI / mo$323.41$323.41$108.90
HOA / mo$474.00$474.00$474.00
Total monthly$3,344.29$4,334.56$5,023.74
Cash to close$209,040$60,500$60,500