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$378,816$378,816$463,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$84,684$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%4.783%7.560%
1st payment$1,798.46$1,798.46$3,183.92
2nd payment$0.00$635.13$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$302.54$302.54$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,696.83$3,331.96$3,872.46
Cash to close$136,184$51,500$51,500