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$457,865$457,865$538,200
Remaining term (yrs)25.625.630.0
Secondary amount$0$80,335$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.303%7.560%
1st payment$2,632.22$2,632.22$3,697.06
2nd payment$0.00$602.51$0.00
Taxes / mo$571.25$571.25$571.25
Insurance / mo$166.67$166.67$166.67
MI / mo$348.11$348.11$107.64
HOA / mo$40.00$40.00$40.00
Total monthly$3,758.25$4,360.76$4,582.62
Cash to close$140,135$59,800$59,800