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$471,143$471,143$701,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$230,856$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.186%7.640%
1st payment$2,269.00$2,269.00$4,860.50
2nd payment$0.00$1,490.95$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$377.34$377.34$140.40
HOA / mo$330.00$330.00$330.00
Total monthly$3,843.00$5,333.95$6,197.57
Cash to close$308,856$78,000$78,000