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$435,554$435,554$485,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$50,445$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%4.089%7.640%
1st payment$2,015.22$2,015.22$3,364.96
2nd payment$0.00$378.34$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$353.32$353.32$97.20
HOA / mo$82.00$82.00$82.00
Total monthly$3,067.21$3,445.54$4,160.83
Cash to close$104,445$54,000$54,000