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$435,702$435,702$540,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$104,298$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.595%7.640%
1st payment$2,054.97$2,054.97$3,738.85
2nd payment$0.00$695.32$0.00
Taxes / mo$926.83$926.83$926.83
Insurance / mo$166.67$166.67$166.67
MI / mo$348.37$348.37$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,496.84$4,192.16$4,940.35
Cash to close$164,298$60,000$60,000