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$394,988$394,988$765,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$370,012$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.716%7.640%
1st payment$1,912.90$1,912.90$5,296.71
2nd payment$0.00$2,389.66$0.00
Taxes / mo$447.08$447.08$447.08
Insurance / mo$216.67$216.67$216.67
MI / mo$323.04$323.04$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,899.69$5,289.35$6,113.46
Cash to close$455,012$85,000$85,000