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$485,264$485,264$674,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$189,646$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.563%7.640%
1st payment$2,463.25$2,463.25$4,672.94
2nd payment$0.00$1,264.30$0.00
Taxes / mo$246.83$246.83$246.83
Insurance / mo$216.67$216.67$216.67
MI / mo$376.29$376.29$134.98
HOA / mo$8.33$8.33$8.33
Total monthly$3,311.37$4,575.68$5,279.75
Cash to close$264,636$74,990$74,990