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$410,441$410,441$489,599
Remaining term (yrs)24.924.930.0
Secondary amount$0$79,158$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%4.699%7.560%
1st payment$1,950.63$1,950.63$3,363.21
2nd payment$0.00$593.69$0.00
Taxes / mo$453.33$453.33$453.33
Insurance / mo$166.67$166.67$166.67
MI / mo$326.89$326.89$97.92
HOA / mo$0.00$0.00$0.00
Total monthly$2,897.51$3,491.20$4,081.13
Cash to close$133,558$54,400$54,400