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$425,316$425,316$431,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$30,589$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.245%7.640%
1st payment$2,436.02$2,436.02$2,990.46
2nd payment$0.00$302.70$0.00
Taxes / mo$229.08$229.08$229.08
Insurance / mo$166.67$166.67$166.67
MI / mo$321.80$321.80$86.38
HOA / mo$105.00$105.00$105.00
Total monthly$3,258.57$3,561.27$3,577.59
Cash to close$54,584$23,995$47,990