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$425,935$425,935$454,499
Remaining term (yrs)24.924.930.0
Secondary amount$0$28,564$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%3.958%7.640%
1st payment$1,969.25$1,969.25$3,146.86
2nd payment$0.00$214.23$0.00
Taxes / mo$420.83$420.83$420.83
Insurance / mo$166.67$166.67$166.67
MI / mo$340.80$340.80$90.90
HOA / mo$101.00$101.00$101.00
Total monthly$2,998.54$3,212.77$3,926.26
Cash to close$79,064$50,500$50,500