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$507,804$507,804$697,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$189,606$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.306%7.640%
1st payment$2,497.37$2,497.37$4,828.73
2nd payment$0.00$1,264.04$0.00
Taxes / mo$645.75$645.75$645.75
Insurance / mo$216.67$216.67$216.67
MI / mo$396.40$396.40$139.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,756.19$5,020.23$5,830.62
Cash to close$267,096$77,490$77,490