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$458,223$458,223$616,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$158,277$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%4.975%7.640%
1st payment$2,211.75$2,211.75$4,268.52
2nd payment$0.00$1,055.18$0.00
Taxes / mo$552.25$552.25$552.25
Insurance / mo$166.67$166.67$166.67
MI / mo$367.82$367.82$123.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,298.48$4,353.67$5,110.74
Cash to close$226,777$68,500$68,500