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$548,444$548,444$809,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$260,656$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.167%7.640%
1st payment$2,603.62$2,603.62$5,602.04
2nd payment$0.00$1,683.40$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$432.44$432.44$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,001.89$5,685.29$6,729.70
Cash to close$350,556$89,900$89,900