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$393,622$393,622$584,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$190,478$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.197%7.640%
1st payment$1,885.83$1,885.83$4,044.19
2nd payment$0.00$1,269.86$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$317.24$317.24$116.82
HOA / mo$208.00$208.00$208.00
Total monthly$3,118.57$4,388.43$5,076.51
Cash to close$255,378$64,900$64,900