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$424,060$424,060$449,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$25,040$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%3.948%7.640%
1st payment$2,009.19$2,009.19$3,109.48
2nd payment$0.00$187.80$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$346.36$346.36$89.82
HOA / mo$190.00$190.00$190.00
Total monthly$3,128.05$3,315.84$3,971.80
Cash to close$74,940$49,900$49,900