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$483,931$483,931$494,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$37,619$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%4.364%7.560%
1st payment$2,282.44$2,282.44$3,394.12
2nd payment$0.00$372.28$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$386.93$386.93$98.82
HOA / mo$723.00$723.00$723.00
Total monthly$4,016.53$4,388.81$4,840.11
Cash to close$65,069$27,450$54,900