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$404,254$404,254$566,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$161,846$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.072%7.640%
1st payment$1,949.36$1,949.36$3,919.56
2nd payment$0.00$1,078.97$0.00
Taxes / mo$252.50$252.50$252.50
Insurance / mo$166.67$166.67$166.67
MI / mo$325.43$325.43$113.22
HOA / mo$325.00$325.00$325.00
Total monthly$3,018.95$4,097.92$4,776.95
Cash to close$224,746$62,900$62,900