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$423,216$423,216$508,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$85,284$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.105%7.640%
1st payment$2,191.95$2,191.95$3,520.75
2nd payment$0.00$639.63$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$347.06$347.06$101.70
HOA / mo$383.00$383.00$383.00
Total monthly$3,559.50$4,199.13$4,642.95
Cash to close$141,784$56,500$56,500