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$422,479$422,479$495,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$72,521$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.681%7.640%
1st payment$2,009.99$2,009.99$3,427.28
2nd payment$0.00$543.91$0.00
Taxes / mo$177.25$177.25$177.25
Insurance / mo$166.67$166.67$166.67
MI / mo$333.84$333.84$99.00
HOA / mo$2.08$2.08$2.08
Total monthly$2,689.83$3,233.74$3,872.28
Cash to close$127,521$55,000$55,000