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$494,594$494,594$526,410
Remaining term (yrs)25.225.230.0
Secondary amount$0$31,816$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.274%7.640%
1st payment$2,355.76$2,355.76$3,644.76
2nd payment$0.00$238.62$0.00
Taxes / mo$487.42$487.42$487.42
Insurance / mo$166.67$166.67$166.67
MI / mo$389.78$389.78$105.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,399.63$3,638.25$4,404.12
Cash to close$90,306$58,490$58,490