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$432,312$432,312$553,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$121,188$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.649%7.640%
1st payment$2,014.14$2,014.14$3,832.32
2nd payment$0.00$807.92$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$344.53$344.53$110.70
HOA / mo$284.00$284.00$284.00
Total monthly$3,321.84$4,129.76$4,906.19
Cash to close$182,688$61,500$61,500