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$386,343$386,343$521,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$135,567$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.898%7.640%
1st payment$1,832.33$1,832.33$3,613.60
2nd payment$0.00$903.78$0.00
Taxes / mo$183.92$183.92$183.92
Insurance / mo$166.67$166.67$166.67
MI / mo$309.43$309.43$104.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,492.34$3,396.12$4,068.56
Cash to close$193,557$57,990$57,990