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$387,473$387,473$495,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$107,527$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%4.744%7.560%
1st payment$1,878.07$1,878.07$3,400.31
2nd payment$0.00$716.85$0.00
Taxes / mo$325.83$325.83$325.83
Insurance / mo$166.67$166.67$166.67
MI / mo$315.94$315.94$99.00
HOA / mo$5.50$5.50$5.50
Total monthly$2,692.00$3,408.85$3,997.31
Cash to close$162,527$55,000$55,000