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$386,895$386,895$404,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$40,510$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.493%7.640%
1st payment$1,808.65$1,808.65$2,803.52
2nd payment$0.00$400.88$0.00
Taxes / mo$395.25$395.25$395.25
Insurance / mo$150.00$150.00$150.00
MI / mo$308.98$308.98$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,662.88$3,063.76$3,429.75
Cash to close$63,005$22,495$44,990