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$392,354$392,354$445,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$53,146$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.345%7.640%
1st payment$2,043.53$2,043.53$3,084.55
2nd payment$0.00$398.59$0.00
Taxes / mo$657.00$657.00$657.00
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$89.10
HOA / mo$189.00$189.00$189.00
Total monthly$3,359.40$3,757.99$4,186.32
Cash to close$102,646$49,500$49,500