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$391,806$391,806$440,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$49,104$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.406%7.640%
1st payment$1,858.09$1,858.09$3,052.77
2nd payment$0.00$368.28$0.00
Taxes / mo$256.92$256.92$256.92
Insurance / mo$166.67$166.67$166.67
MI / mo$312.98$312.98$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,594.65$2,962.93$3,564.54
Cash to close$98,094$48,990$48,990