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$516,307$516,307$629,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$112,793$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.267%7.640%
1st payment$2,826.91$2,826.91$4,355.76
2nd payment$0.00$751.96$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$428.69$428.69$125.82
HOA / mo$296.00$296.00$296.00
Total monthly$4,300.77$5,052.72$5,526.75
Cash to close$182,693$69,900$69,900