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$572,270$572,270$620,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$47,830$0
Funding fee$0$0$0
Note rate3.270%3.270%7.400%
Blended rate4.120%4.496%7.640%
1st payment$2,870.29$2,870.29$4,293.45
2nd payment$0.00$358.73$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$465.99$465.99$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,077.11$4,435.84$5,158.30
Cash to close$116,730$68,900$68,900