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$440,969$440,969$553,499
Remaining term (yrs)25.525.530.0
Secondary amount$0$112,530$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%5.371%7.560%
1st payment$2,255.87$2,255.87$3,802.15
2nd payment$0.00$750.20$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$340.85$340.85$110.70
HOA / mo$295.00$295.00$295.00
Total monthly$3,570.88$4,321.08$4,887.02
Cash to close$174,030$61,500$61,500