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$410,276$410,276$536,399
Remaining term (yrs)25.525.530.0
Secondary amount$0$126,123$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.476%7.640%
1st payment$2,098.85$2,098.85$3,713.92
2nd payment$0.00$840.82$0.00
Taxes / mo$172.08$172.08$172.08
Insurance / mo$166.67$166.67$166.67
MI / mo$317.12$317.12$107.28
HOA / mo$75.00$75.00$75.00
Total monthly$2,829.73$3,670.55$4,234.95
Cash to close$185,723$59,600$59,600