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$399,136$399,136$445,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$46,364$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.431%7.640%
1st payment$1,882.35$1,882.35$3,084.55
2nd payment$0.00$347.73$0.00
Taxes / mo$255.17$255.17$255.17
Insurance / mo$166.67$166.67$166.67
MI / mo$314.24$314.24$89.10
HOA / mo$25.00$25.00$25.00
Total monthly$2,643.42$2,991.15$3,620.49
Cash to close$95,864$49,500$49,500