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$396,814$396,814$737,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$340,286$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.000%7.640%
1st payment$2,116.98$2,116.98$5,103.53
2nd payment$0.00$2,197.68$0.00
Taxes / mo$682.50$682.50$682.50
Insurance / mo$216.67$216.67$216.67
MI / mo$327.79$327.79$147.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,343.94$5,541.62$6,150.12
Cash to close$422,186$81,900$81,900