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$431,759$431,759$530,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$98,341$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.708%7.640%
1st payment$2,016.02$2,016.02$3,670.31
2nd payment$0.00$737.55$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$106.02
HOA / mo$229.00$229.00$229.00
Total monthly$3,246.49$3,984.04$4,662.83
Cash to close$157,241$58,900$58,900