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$420,826$420,826$580,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$159,674$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.840%7.640%
1st payment$2,223.64$2,223.64$4,019.26
2nd payment$0.00$1,064.50$0.00
Taxes / mo$626.33$626.33$626.33
Insurance / mo$166.67$166.67$166.67
MI / mo$323.25$323.25$116.10
HOA / mo$59.33$59.33$59.33
Total monthly$3,399.21$4,463.71$4,987.69
Cash to close$224,174$64,500$64,500