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$428,238$428,238$558,900
Remaining term (yrs)25.425.430.0
Secondary amount$0$130,662$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%4.897%7.560%
1st payment$2,026.46$2,026.46$3,839.26
2nd payment$0.00$871.08$0.00
Taxes / mo$517.50$517.50$517.50
Insurance / mo$166.67$166.67$166.67
MI / mo$336.15$336.15$111.78
HOA / mo$255.00$255.00$255.00
Total monthly$3,301.77$4,172.85$4,890.20
Cash to close$192,762$62,100$62,100