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$381,871$381,871$413,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$31,229$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.164%7.640%
1st payment$1,988.94$1,988.94$2,860.22
2nd payment$0.00$234.21$0.00
Taxes / mo$506.83$506.83$506.83
Insurance / mo$166.67$166.67$166.67
MI / mo$295.10$295.10$82.62
HOA / mo$82.67$82.67$82.67
Total monthly$3,040.20$3,274.42$3,699.01
Cash to close$77,129$45,900$45,900