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$436,319$436,319$485,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$48,781$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.350%7.560%
1st payment$2,064.54$2,064.54$3,332.30
2nd payment$0.00$365.86$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$347.75$347.75$97.02
HOA / mo$520.00$520.00$520.00
Total monthly$3,548.12$3,913.98$4,565.15
Cash to close$102,681$53,900$53,900