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$3,617$3,617$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$401,383$0
Funding fee$0$0$0
Note rate2.690%2.690%7.320%
Blended rate3.540%7.712%7.560%
1st payment$17.02$17.02$2,782.07
2nd payment$0.00$2,592.27$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$2.98$2.98$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$544.99$3,137.26$3,388.07
Cash to close$446,383$45,000$45,000