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$569,270$569,270$733,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$164,230$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.872%7.640%
1st payment$2,705.61$2,705.61$5,078.61
2nd payment$0.00$1,094.86$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$216.67$216.67$216.67
MI / mo$447.67$447.67$146.70
HOA / mo$81.00$81.00$81.00
Total monthly$3,671.20$4,766.06$5,743.22
Cash to close$245,730$81,500$81,500