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$448,923$448,923$468,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$45,077$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.273%7.640%
1st payment$2,278.78$2,278.78$3,240.34
2nd payment$0.00$446.07$0.00
Taxes / mo$393.50$393.50$393.50
Insurance / mo$166.67$166.67$166.67
MI / mo$348.11$348.11$93.60
HOA / mo$16.67$16.67$16.67
Total monthly$3,203.73$3,649.80$3,910.77
Cash to close$71,077$26,000$52,000