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$408,063$408,063$472,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$64,437$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%4.509%7.640%
1st payment$1,933.23$1,933.23$3,271.49
2nd payment$0.00$483.28$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$326.89$326.89$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,864.28$3,347.56$3,970.16
Cash to close$116,937$52,500$52,500