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$555,337$555,337$630,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$74,663$0
Funding fee$0$0$0
Note rate3.050%3.050%7.240%
Blended rate3.900%4.504%7.480%
1st payment$2,624.71$2,624.71$4,293.44
2nd payment$0.00$559.97$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$438.17$438.17$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,812.87$4,372.85$5,169.44
Cash to close$144,663$70,000$70,000