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$410,244$410,244$477,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$66,756$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.459%7.560%
1st payment$1,913.44$1,913.44$3,276.66
2nd payment$0.00$500.67$0.00
Taxes / mo$231.33$231.33$231.33
Insurance / mo$166.67$166.67$166.67
MI / mo$326.89$326.89$95.40
HOA / mo$55.00$55.00$55.00
Total monthly$2,693.33$3,194.00$3,825.06
Cash to close$119,756$53,000$53,000