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$461,094$461,094$593,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$132,006$0
Funding fee$0$0$0
Note rate1.000%1.000%7.400%
Blended rate1.850%3.219%7.640%
1st payment$1,727.61$1,727.61$4,106.50
2nd payment$0.00$880.04$0.00
Taxes / mo$549.17$549.17$549.17
Insurance / mo$166.67$166.67$166.67
MI / mo$380.46$380.46$118.62
HOA / mo$305.00$305.00$305.00
Total monthly$3,128.90$4,008.94$5,245.96
Cash to close$197,906$65,900$65,900