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$462,963$462,963$566,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$103,947$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.505%7.560%
1st payment$2,164.25$2,164.25$3,894.28
2nd payment$0.00$692.98$0.00
Taxes / mo$368.58$368.58$368.58
Insurance / mo$166.67$166.67$166.67
MI / mo$369.73$369.73$113.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,069.23$3,762.21$4,542.91
Cash to close$166,937$62,990$62,990