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$524,147$524,147$526,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$31,603$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.023%7.640%
1st payment$2,660.62$2,660.62$3,645.38
2nd payment$0.00$312.74$0.00
Taxes / mo$505.08$505.08$505.08
Insurance / mo$166.67$166.67$166.67
MI / mo$406.44$406.44$105.30
HOA / mo$18.33$18.33$18.33
Total monthly$3,757.15$4,069.89$4,440.76
Cash to close$60,853$29,250$58,500