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$391,204$391,204$540,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$148,796$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.849%7.560%
1st payment$1,853.52$1,853.52$3,709.43
2nd payment$0.00$991.97$0.00
Taxes / mo$532.42$532.42$532.42
Insurance / mo$166.67$166.67$166.67
MI / mo$319.52$319.52$108.00
HOA / mo$45.00$45.00$45.00
Total monthly$2,917.12$3,909.09$4,561.51
Cash to close$208,796$60,000$60,000