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$386,204$386,204$620,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$234,706$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.386%7.640%
1st payment$1,868.16$1,868.16$4,299.06
2nd payment$0.00$1,515.81$0.00
Taxes / mo$408.00$408.00$408.00
Insurance / mo$166.67$166.67$166.67
MI / mo$309.89$309.89$124.18
HOA / mo$58.00$58.00$58.00
Total monthly$2,810.71$4,326.53$5,055.90
Cash to close$303,696$68,990$68,990