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$397,764$397,764$711,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$313,236$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.563%7.560%
1st payment$1,927.95$1,927.95$4,884.08
2nd payment$0.00$2,022.98$0.00
Taxes / mo$658.33$658.33$658.33
Insurance / mo$216.67$216.67$216.67
MI / mo$324.33$324.33$142.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,127.28$5,150.26$5,901.28
Cash to close$392,236$79,000$79,000