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$393,599$393,599$428,400
Remaining term (yrs)25.525.530.0
Secondary amount$0$34,801$0
Funding fee$0$0$0
Note rate4.160%4.160%7.320%
Blended rate5.010%5.334%7.560%
1st payment$2,081.33$2,081.33$2,942.81
2nd payment$0.00$261.01$0.00
Taxes / mo$188.67$188.67$188.67
Insurance / mo$166.67$166.67$166.67
MI / mo$302.92$302.92$85.68
HOA / mo$68.00$68.00$68.00
Total monthly$2,807.59$3,068.60$3,451.82
Cash to close$82,401$47,600$47,600