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$431,177$431,177$556,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$125,023$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.729%7.640%
1st payment$2,029.03$2,029.03$3,851.02
2nd payment$0.00$833.49$0.00
Taxes / mo$515.00$515.00$515.00
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$111.24
HOA / mo$0.00$0.00$0.00
Total monthly$3,054.66$3,888.15$4,643.92
Cash to close$186,823$61,800$61,800