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$413,282$413,282$526,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$113,218$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.648%7.640%
1st payment$1,989.28$1,989.28$3,645.38
2nd payment$0.00$754.78$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$339.41$339.41$105.30
HOA / mo$124.00$124.00$124.00
Total monthly$3,106.86$3,861.64$4,528.85
Cash to close$171,718$58,500$58,500