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$410,257$410,257$494,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$83,843$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%4.782%7.560%
1st payment$1,939.09$1,939.09$3,394.12
2nd payment$0.00$628.82$0.00
Taxes / mo$256.42$256.42$256.42
Insurance / mo$166.67$166.67$166.67
MI / mo$322.89$322.89$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,685.06$3,313.89$3,916.03
Cash to close$138,743$54,900$54,900