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$436,904$436,904$585,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$148,096$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.975%7.640%
1st payment$2,071.92$2,071.92$4,050.42
2nd payment$0.00$987.30$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$343.69$343.69$117.00
HOA / mo$135.00$135.00$135.00
Total monthly$3,258.94$4,246.24$5,010.76
Cash to close$213,096$65,000$65,000