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$521,424$521,424$562,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$41,076$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%4.226%7.640%
1st payment$2,483.80$2,483.80$3,894.64
2nd payment$0.00$308.07$0.00
Taxes / mo$272.00$272.00$272.00
Insurance / mo$166.67$166.67$166.67
MI / mo$417.30$417.30$112.50
HOA / mo$450.00$450.00$450.00
Total monthly$3,789.77$4,097.84$4,895.80
Cash to close$103,576$62,500$62,500