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$446,729$446,729$463,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$42,521$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.748%7.640%
1st payment$2,146.76$2,146.76$3,209.18
2nd payment$0.00$420.78$0.00
Taxes / mo$251.17$251.17$251.17
Insurance / mo$166.67$166.67$166.67
MI / mo$350.73$350.73$92.70
HOA / mo$73.00$73.00$73.00
Total monthly$2,988.32$3,409.10$3,792.71
Cash to close$68,271$25,750$51,500