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$428,538$428,538$449,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$45,512$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.684%7.640%
1st payment$2,029.90$2,029.90$3,109.48
2nd payment$0.00$450.38$0.00
Taxes / mo$390.75$390.75$390.75
Insurance / mo$166.67$166.67$166.67
MI / mo$338.01$338.01$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,925.32$3,375.70$3,756.71
Cash to close$70,462$24,950$49,900