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$441,571$441,571$585,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$143,429$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.943%7.640%
1st payment$2,098.58$2,098.58$4,050.42
2nd payment$0.00$956.19$0.00
Taxes / mo$415.67$415.67$415.67
Insurance / mo$166.67$166.67$166.67
MI / mo$348.11$348.11$117.00
HOA / mo$58.00$58.00$58.00
Total monthly$3,087.03$4,043.22$4,807.76
Cash to close$208,429$65,000$65,000