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$398,564$398,564$463,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$64,936$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%4.683%7.640%
1st payment$1,929.87$1,929.87$3,209.18
2nd payment$0.00$487.02$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$318.91$318.91$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,844.62$3,331.64$3,897.71
Cash to close$116,436$51,500$51,500