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$443,721$443,721$584,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$141,278$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%4.989%7.640%
1st payment$2,160.16$2,160.16$4,050.42
2nd payment$0.00$941.86$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$354.71$354.71$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,223.19$4,165.05$4,875.75
Cash to close$206,278$65,000$65,000