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$429,687$429,687$517,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$87,813$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%4.674%7.640%
1st payment$2,033.44$2,033.44$3,583.07
2nd payment$0.00$658.60$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$344.27$344.27$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,023.55$3,682.15$4,332.40
Cash to close$145,313$57,500$57,500