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$418,078$418,078$504,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$85,922$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.803%7.640%
1st payment$1,989.06$1,989.06$3,489.59
2nd payment$0.00$644.42$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$330.36$330.36$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,952.75$3,597.17$4,223.73
Cash to close$141,922$56,000$56,000