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$423,815$423,815$517,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$93,685$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.191%7.640%
1st payment$2,372.28$2,372.28$3,583.07
2nd payment$0.00$702.64$0.00
Taxes / mo$422.50$422.50$422.50
Insurance / mo$166.67$166.67$166.67
MI / mo$323.25$323.25$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,284.70$3,987.34$4,275.73
Cash to close$151,185$57,500$57,500