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$391,889$391,889$504,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$112,111$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.548%7.640%
1st payment$1,834.34$1,834.34$3,489.59
2nd payment$0.00$747.41$0.00
Taxes / mo$529.67$529.67$529.67
Insurance / mo$166.67$166.67$166.67
MI / mo$319.93$319.93$100.80
HOA / mo$9.17$9.17$9.17
Total monthly$2,859.77$3,607.18$4,295.90
Cash to close$168,111$56,000$56,000