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$392,275$392,275$639,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$246,725$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.350%7.640%
1st payment$1,896.89$1,896.89$4,424.31
2nd payment$0.00$1,593.43$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$319.10$319.10$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,024.33$4,617.76$5,360.44
Cash to close$317,725$71,000$71,000