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$391,530$391,530$539,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$148,380$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.085%7.640%
1st payment$1,930.63$1,930.63$3,738.23
2nd payment$0.00$989.20$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$319.03$319.03$107.98
HOA / mo$255.00$255.00$255.00
Total monthly$3,171.25$4,160.45$4,767.79
Cash to close$208,370$59,990$59,990