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$424,775$424,775$449,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$49,275$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.186%7.640%
1st payment$2,109.98$2,109.98$3,109.48
2nd payment$0.00$487.61$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$330.36$330.36$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,022.84$3,510.46$3,781.80
Cash to close$74,225$24,950$49,900