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$394,546$394,546$481,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$86,954$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.599%7.640%
1st payment$2,043.53$2,043.53$3,333.81
2nd payment$0.00$652.15$0.00
Taxes / mo$550.58$550.58$550.58
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$96.30
HOA / mo$62.67$62.67$62.67
Total monthly$3,126.65$3,778.80$4,210.03
Cash to close$140,454$53,500$53,500