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$406,727$406,727$449,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$42,373$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.209%7.640%
1st payment$1,890.64$1,890.64$3,109.48
2nd payment$0.00$317.80$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$323.41$323.41$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,796.55$3,114.35$3,781.80
Cash to close$92,273$49,900$49,900