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$466,322$466,322$468,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$27,678$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.262%7.640%
1st payment$2,211.65$2,211.65$3,240.34
2nd payment$0.00$273.90$0.00
Taxes / mo$536.75$536.75$536.75
Insurance / mo$166.67$166.67$166.67
MI / mo$373.49$373.49$93.60
HOA / mo$75.00$75.00$75.00
Total monthly$3,363.55$3,637.45$4,112.35
Cash to close$53,678$26,000$52,000