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$477,433$477,433$557,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$80,477$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.636%7.640%
1st payment$2,246.73$2,246.73$3,862.86
2nd payment$0.00$603.58$0.00
Taxes / mo$516.58$516.58$516.58
Insurance / mo$166.67$166.67$166.67
MI / mo$375.07$375.07$111.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,305.04$3,908.62$4,657.69
Cash to close$142,467$61,990$61,990