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$393,564$393,564$508,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$114,936$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.680%7.640%
1st payment$1,881.27$1,881.27$3,520.75
2nd payment$0.00$766.24$0.00
Taxes / mo$548.50$548.50$548.50
Insurance / mo$166.67$166.67$166.67
MI / mo$321.81$321.81$101.70
HOA / mo$58.00$58.00$58.00
Total monthly$2,976.24$3,742.48$4,395.62
Cash to close$171,436$56,500$56,500