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$462,675$462,675$495,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,325$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%4.392%7.560%
1st payment$2,223.39$2,223.39$3,400.31
2nd payment$0.00$242.44$0.00
Taxes / mo$274.00$274.00$274.00
Insurance / mo$166.67$166.67$166.67
MI / mo$363.25$363.25$99.00
HOA / mo$152.00$152.00$152.00
Total monthly$3,179.30$3,421.74$4,091.97
Cash to close$87,325$55,000$55,000