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$467,054$467,054$522,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$54,946$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%4.195%7.640%
1st payment$2,161.75$2,161.75$3,614.22
2nd payment$0.00$412.10$0.00
Taxes / mo$371.92$371.92$371.92
Insurance / mo$166.67$166.67$166.67
MI / mo$373.63$373.63$104.40
HOA / mo$95.00$95.00$95.00
Total monthly$3,168.96$3,581.06$4,352.21
Cash to close$112,946$58,000$58,000