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$518,127$518,127$539,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$51,778$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.352%7.640%
1st payment$2,650.59$2,650.59$3,738.23
2nd payment$0.00$512.39$0.00
Taxes / mo$270.67$270.67$270.67
Insurance / mo$166.67$166.67$166.67
MI / mo$400.48$400.48$107.98
HOA / mo$20.00$20.00$20.00
Total monthly$3,508.41$4,020.80$4,303.54
Cash to close$81,773$29,995$59,990