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$398,821$398,821$607,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$208,679$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.098%7.640%
1st payment$1,910.98$1,910.98$4,206.21
2nd payment$0.00$1,347.72$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$326.89$326.89$121.50
HOA / mo$475.00$475.00$475.00
Total monthly$3,442.03$4,789.75$5,531.87
Cash to close$276,179$67,500$67,500