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$381,465$381,465$989,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$607,635$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.419%7.560%
1st payment$1,962.71$1,962.71$6,794.43
2nd payment$0.00$3,924.31$0.00
Taxes / mo$569.08$569.08$569.08
Insurance / mo$216.67$216.67$216.67
MI / mo$311.53$311.53$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,059.99$6,984.30$7,778.00
Cash to close$717,535$109,900$109,900