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$422,335$422,335$504,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$81,665$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.743%7.640%
1st payment$2,004.88$2,004.88$3,489.59
2nd payment$0.00$612.49$0.00
Taxes / mo$177.25$177.25$177.25
Insurance / mo$166.67$166.67$166.67
MI / mo$333.84$333.84$100.80
HOA / mo$2.08$2.08$2.08
Total monthly$2,684.72$3,297.21$3,936.39
Cash to close$137,665$56,000$56,000