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$384,842$384,842$449,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$65,068$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.297%7.640%
1st payment$2,204.20$2,204.20$3,115.09
2nd payment$0.00$488.01$0.00
Taxes / mo$193.50$193.50$193.50
Insurance / mo$166.67$166.67$166.67
MI / mo$291.17$291.17$89.98
HOA / mo$21.00$21.00$21.00
Total monthly$2,876.54$3,364.55$3,586.23
Cash to close$115,058$49,990$49,990