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$545,649$545,649$585,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,351$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%4.243%7.560%
1st payment$2,562.21$2,562.21$4,018.54
2nd payment$0.00$295.13$0.00
Taxes / mo$321.17$321.17$321.17
Insurance / mo$166.67$166.67$166.67
MI / mo$427.73$427.73$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,477.78$3,772.91$4,623.38
Cash to close$104,351$65,000$65,000