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$468,173$468,173$685,350
Remaining term (yrs)22.922.930.0
Secondary amount$0$217,177$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.496%7.640%
1st payment$2,490.97$2,490.97$4,745.22
2nd payment$0.00$1,402.60$0.00
Taxes / mo$634.58$634.58$634.58
Insurance / mo$216.67$216.67$216.67
MI / mo$388.09$388.09$137.07
HOA / mo$0.00$0.00$0.00
Total monthly$3,730.31$5,132.91$5,733.54
Cash to close$293,327$76,150$76,150