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$405,253$405,253$449,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$43,847$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.139%7.560%
1st payment$2,329.76$2,329.76$3,085.01
2nd payment$0.00$328.85$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$308.11$308.11$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,220.37$3,549.22$3,757.33
Cash to close$93,747$49,900$49,900