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$430,700$430,700$548,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$118,299$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.642%7.640%
1st payment$2,013.42$2,013.42$3,801.16
2nd payment$0.00$788.66$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,032.39$3,821.05$4,585.96
Cash to close$179,299$61,000$61,000