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$414,401$414,401$602,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$187,699$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.192%7.640%
1st payment$1,967.22$1,967.22$4,168.82
2nd payment$0.00$1,251.33$0.00
Taxes / mo$340.00$340.00$340.00
Insurance / mo$166.67$166.67$166.67
MI / mo$327.57$327.57$120.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,801.46$4,052.79$4,795.91
Cash to close$254,599$66,900$66,900