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$508,825$508,825$611,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$102,275$0
Funding fee$0$0$0
Note rate3.000%3.000%7.240%
Blended rate3.850%4.545%7.480%
1st payment$2,463.11$2,463.11$4,164.64
2nd payment$0.00$681.83$0.00
Taxes / mo$565.83$565.83$565.83
Insurance / mo$166.67$166.67$166.67
MI / mo$413.82$413.82$122.22
HOA / mo$4.17$4.17$4.17
Total monthly$3,613.60$4,295.44$5,023.53
Cash to close$170,175$67,900$67,900