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$410,604$410,604$472,399
Remaining term (yrs)25.325.330.0
Secondary amount$0$61,795$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.611%7.640%
1st payment$1,947.19$1,947.19$3,270.80
2nd payment$0.00$463.46$0.00
Taxes / mo$437.41$437.41$437.41
Insurance / mo$166.67$166.67$166.67
MI / mo$323.00$323.00$94.48
HOA / mo$395.00$395.00$395.00
Total monthly$3,269.27$3,732.73$4,364.35
Cash to close$114,284$52,489$52,489