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$427,384$427,384$503,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,716$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.515%7.560%
1st payment$1,993.39$1,993.39$3,455.95
2nd payment$0.00$567.87$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$340.54$340.54$100.62
HOA / mo$122.00$122.00$122.00
Total monthly$3,088.43$3,656.30$4,311.07
Cash to close$131,616$55,900$55,900