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$523,641$523,641$567,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$43,359$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%4.946%7.640%
1st payment$2,652.92$2,652.92$3,925.79
2nd payment$0.00$325.19$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$405.27$405.27$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,749.85$4,075.04$4,730.86
Cash to close$106,359$63,000$63,000