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$428,213$428,213$504,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$75,787$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.607%7.640%
1st payment$2,035.35$2,035.35$3,489.59
2nd payment$0.00$568.40$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$342.83$342.83$100.80
HOA / mo$520.00$520.00$520.00
Total monthly$3,531.51$4,099.92$4,743.73
Cash to close$131,787$56,000$56,000