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$423,748$423,748$449,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$25,352$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate4.800%5.037%7.640%
1st payment$2,152.31$2,152.31$3,109.48
2nd payment$0.00$190.14$0.00
Taxes / mo$248.00$248.00$248.00
Insurance / mo$166.67$166.67$166.67
MI / mo$200.53$200.53$89.82
HOA / mo$50.00$50.00$50.00
Total monthly$2,817.50$3,007.64$3,663.96
Cash to close$75,252$49,900$49,900