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$421,777$421,777$584,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$163,133$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.022%7.640%
1st payment$2,013.52$2,013.52$4,049.80
2nd payment$0.00$1,087.55$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$337.43$337.43$116.98
HOA / mo$316.00$316.00$316.00
Total monthly$3,375.20$4,462.75$5,191.03
Cash to close$228,123$64,990$64,990