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$466,829$466,829$562,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$95,581$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.783%7.640%
1st payment$2,216.10$2,216.10$3,894.01
2nd payment$0.00$716.86$0.00
Taxes / mo$518.83$518.83$518.83
Insurance / mo$166.67$166.67$166.67
MI / mo$369.01$369.01$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,270.62$3,987.47$4,692.00
Cash to close$158,071$62,490$62,490