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$611,871$611,871$616,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$38,879$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.376%7.640%
1st payment$2,904.61$2,904.61$4,268.52
2nd payment$0.00$384.74$0.00
Taxes / mo$570.83$570.83$570.83
Insurance / mo$166.67$166.67$166.67
MI / mo$484.89$484.89$123.30
HOA / mo$260.00$260.00$260.00
Total monthly$4,387.01$4,771.75$5,389.32
Cash to close$73,129$34,250$68,500