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$412,108$412,108$477,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$64,892$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%4.559%7.560%
1st payment$1,947.72$1,947.72$3,276.66
2nd payment$0.00$486.69$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$326.82$326.82$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,882.87$3,369.56$3,980.39
Cash to close$117,892$53,000$53,000