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$456,936$456,936$539,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$82,974$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.608%7.640%
1st payment$2,162.22$2,162.22$3,738.23
2nd payment$0.00$622.31$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$365.14$365.14$107.98
HOA / mo$350.00$350.00$350.00
Total monthly$3,543.94$4,166.25$4,862.79
Cash to close$142,964$59,990$59,990