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$388,942$388,942$427,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,558$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.134%7.640%
1st payment$2,237.00$2,237.00$2,959.92
2nd payment$0.00$289.18$0.00
Taxes / mo$566.50$566.50$566.50
Insurance / mo$166.67$166.67$166.67
MI / mo$295.17$295.17$85.50
HOA / mo$183.00$183.00$183.00
Total monthly$3,448.34$3,737.52$3,961.59
Cash to close$86,058$47,500$47,500