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$427,671$427,671$540,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$112,329$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.587%7.640%
1st payment$1,983.59$1,983.59$3,738.85
2nd payment$0.00$748.86$0.00
Taxes / mo$328.25$328.25$328.25
Insurance / mo$166.67$166.67$166.67
MI / mo$340.18$340.18$108.00
HOA / mo$82.00$82.00$82.00
Total monthly$2,900.69$3,649.55$4,423.77
Cash to close$172,329$60,000$60,000