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$407,118$407,118$454,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$47,382$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%4.942%7.640%
1st payment$2,170.44$2,170.44$3,146.87
2nd payment$0.00$355.36$0.00
Taxes / mo$420.83$420.83$420.83
Insurance / mo$166.67$166.67$166.67
MI / mo$337.32$337.32$90.90
HOA / mo$552.00$552.00$552.00
Total monthly$3,647.26$4,002.63$4,377.27
Cash to close$97,882$50,500$50,500