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$411,259$411,259$580,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$169,241$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%5.145%7.640%
1st payment$1,954.62$1,954.62$4,019.26
2nd payment$0.00$1,128.27$0.00
Taxes / mo$303.50$303.50$303.50
Insurance / mo$166.67$166.67$166.67
MI / mo$323.41$323.41$116.10
HOA / mo$155.00$155.00$155.00
Total monthly$2,903.20$4,031.47$4,760.53
Cash to close$233,741$64,500$64,500