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$386,815$386,815$494,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$107,285$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.667%7.640%
1st payment$2,047.63$2,047.63$3,421.05
2nd payment$0.00$715.23$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$166.67$166.67$166.67
MI / mo$297.66$297.66$98.82
HOA / mo$60.00$60.00$60.00
Total monthly$2,780.29$3,495.52$3,954.87
Cash to close$162,185$54,900$54,900