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$439,326$439,326$594,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$154,674$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%4.960%7.640%
1st payment$2,101.87$2,101.87$4,112.74
2nd payment$0.00$1,031.16$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$351.33$351.33$118.80
HOA / mo$175.00$175.00$175.00
Total monthly$3,344.87$4,376.03$5,123.20
Cash to close$220,674$66,000$66,000