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$471,999$471,999$557,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$85,101$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.679%7.640%
1st payment$2,245.58$2,245.58$3,857.25
2nd payment$0.00$638.25$0.00
Taxes / mo$841.67$841.67$841.67
Insurance / mo$166.67$166.67$166.67
MI / mo$374.88$374.88$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,628.79$4,267.05$4,977.00
Cash to close$147,001$61,900$61,900