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$540,495$540,495$630,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$89,505$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%4.625%7.560%
1st payment$2,594.54$2,594.54$4,327.66
2nd payment$0.00$671.29$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$433.13$433.13$126.00
HOA / mo$220.00$220.00$220.00
Total monthly$3,997.67$4,668.96$5,423.66
Cash to close$159,505$70,000$70,000