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$471,020$471,020$495,450
Remaining term (yrs)24.724.730.0
Secondary amount$0$51,955$0
Funding fee$0$0$0
Note rate3.000%3.000%7.240%
Blended rate3.850%4.647%7.480%
1st payment$2,243.70$2,243.70$3,376.48
2nd payment$0.00$514.14$0.00
Taxes / mo$339.00$339.00$339.00
Insurance / mo$166.67$166.67$166.67
MI / mo$376.96$376.96$99.09
HOA / mo$92.67$92.67$92.67
Total monthly$3,219.00$3,733.14$4,073.91
Cash to close$79,480$27,525$55,050