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$395,801$395,801$512,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$116,299$0
Funding fee$0$0$0
Note rate2.430%2.430%7.400%
Blended rate3.280%4.352%7.640%
1st payment$1,761.71$1,761.71$3,545.68
2nd payment$0.00$775.32$0.00
Taxes / mo$474.17$474.17$474.17
Insurance / mo$166.67$166.67$166.67
MI / mo$318.75$318.75$102.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,721.29$3,496.62$4,288.93
Cash to close$173,199$56,900$56,900