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$466,316$466,316$521,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$54,784$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.499%7.640%
1st payment$2,206.83$2,206.83$3,607.99
2nd payment$0.00$410.88$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$365.14$365.14$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,221.14$3,632.02$4,361.38
Cash to close$112,684$57,900$57,900