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$412,827$412,827$486,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$73,173$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.515%7.640%
1st payment$1,925.49$1,925.49$3,364.97
2nd payment$0.00$548.80$0.00
Taxes / mo$632.50$632.50$632.50
Insurance / mo$166.67$166.67$166.67
MI / mo$328.94$328.94$97.20
HOA / mo$34.33$34.33$34.33
Total monthly$3,087.93$3,636.73$4,295.66
Cash to close$127,173$54,000$54,000