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$380,306$380,306$445,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$65,194$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.595%7.640%
1st payment$1,847.68$1,847.68$3,084.55
2nd payment$0.00$488.95$0.00
Taxes / mo$525.42$525.42$525.42
Insurance / mo$166.67$166.67$166.67
MI / mo$310.83$310.83$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,850.59$3,339.55$3,865.74
Cash to close$114,694$49,500$49,500