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$508,825$508,825$629,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$120,275$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%4.643%7.640%
1st payment$2,463.11$2,463.11$4,355.76
2nd payment$0.00$801.83$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$413.82$413.82$125.82
HOA / mo$4.17$4.17$4.17
Total monthly$3,630.27$4,432.10$5,234.92
Cash to close$190,175$69,900$69,900