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$434,818$434,818$508,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$73,682$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.690%7.640%
1st payment$2,068.77$2,068.77$3,520.75
2nd payment$0.00$552.61$0.00
Taxes / mo$215.58$215.58$215.58
Insurance / mo$166.67$166.67$166.67
MI / mo$342.73$342.73$101.70
HOA / mo$33.00$33.00$33.00
Total monthly$2,826.75$3,379.36$4,037.70
Cash to close$130,182$56,500$56,500