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$456,423$456,423$517,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$61,077$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%4.811%7.640%
1st payment$2,347.07$2,347.07$3,583.07
2nd payment$0.00$458.08$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$374.88$374.88$103.50
HOA / mo$840.00$840.00$840.00
Total monthly$4,207.78$4,665.85$5,172.40
Cash to close$118,577$57,500$57,500