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$385,625$385,625$511,920
Remaining term (yrs)24.624.630.0
Secondary amount$0$126,295$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.851%7.640%
1st payment$1,835.09$1,835.09$3,544.43
2nd payment$0.00$841.97$0.00
Taxes / mo$351.25$351.25$351.25
Insurance / mo$166.67$166.67$166.67
MI / mo$309.50$309.50$102.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,662.51$3,504.47$4,164.73
Cash to close$183,175$56,880$56,880