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$384,615$384,615$395,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,435$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.550%1.431%7.640%
1st payment$1,068.38$1,068.38$2,735.59
2nd payment$0.00$320.97$0.00
Taxes / mo$297.86$297.86$297.86
Insurance / mo$150.00$150.00$150.00
MI / mo$176.28$176.28$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,692.52$2,013.49$3,262.47
Cash to close$54,385$21,950$43,900