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$385,437$385,437$611,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$226,473$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.193%7.640%
1st payment$1,834.07$1,834.07$4,236.74
2nd payment$0.00$1,462.64$0.00
Taxes / mo$566.58$566.58$566.58
Insurance / mo$166.67$166.67$166.67
MI / mo$314.54$314.54$122.38
HOA / mo$161.00$161.00$161.00
Total monthly$3,042.87$4,505.51$5,253.37
Cash to close$294,463$67,990$67,990