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$442,572$442,572$553,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$110,928$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%4.866%7.640%
1st payment$2,215.60$2,215.60$3,832.32
2nd payment$0.00$739.52$0.00
Taxes / mo$325.67$325.67$325.67
Insurance / mo$166.67$166.67$166.67
MI / mo$361.52$361.52$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,069.45$3,808.97$4,435.36
Cash to close$172,428$61,500$61,500