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$449,277$449,277$454,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,473$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%4.210%7.560%
1st payment$2,088.55$2,088.55$3,122.10
2nd payment$0.00$301.55$0.00
Taxes / mo$321.58$321.58$321.58
Insurance / mo$166.67$166.67$166.67
MI / mo$358.18$358.18$90.90
HOA / mo$51.67$51.67$51.67
Total monthly$2,986.65$3,288.20$3,752.92
Cash to close$55,723$25,250$50,500