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$545,611$545,611$598,496
Remaining term (yrs)25.125.130.0
Secondary amount$0$52,885$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.387%7.640%
1st payment$2,595.81$2,595.81$4,143.86
2nd payment$0.00$396.64$0.00
Taxes / mo$554.16$554.16$554.16
Insurance / mo$166.67$166.67$166.67
MI / mo$431.14$431.14$119.70
HOA / mo$260.00$260.00$260.00
Total monthly$4,007.78$4,404.41$5,244.39
Cash to close$119,384$66,500$66,500