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$388,181$388,181$504,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$115,819$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.881%7.640%
1st payment$1,844.84$1,844.84$3,489.59
2nd payment$0.00$772.13$0.00
Taxes / mo$317.50$317.50$317.50
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$100.80
HOA / mo$35.00$35.00$35.00
Total monthly$2,670.03$3,442.16$4,109.56
Cash to close$171,819$56,000$56,000