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$490,593$490,593$558,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$67,407$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%4.956%7.560%
1st payment$2,429.41$2,429.41$3,833.07
2nd payment$0.00$505.56$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$380.85$380.85$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,493.59$3,999.14$4,628.01
Cash to close$129,407$62,000$62,000