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$433,735$433,735$522,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$88,265$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%4.729%7.640%
1st payment$2,049.93$2,049.93$3,614.22
2nd payment$0.00$661.99$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,043.90$3,705.89$4,368.62
Cash to close$146,265$58,000$58,000