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$463,397$463,397$571,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$108,103$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.000%7.640%
1st payment$2,269.75$2,269.75$3,956.95
2nd payment$0.00$720.68$0.00
Taxes / mo$529.17$529.17$529.17
Insurance / mo$166.67$166.67$166.67
MI / mo$360.27$360.27$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,325.85$4,046.53$4,767.08
Cash to close$171,603$63,500$63,500