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$405,666$405,666$660,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$254,934$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.367%7.640%
1st payment$1,963.36$1,963.36$4,573.86
2nd payment$0.00$1,646.45$0.00
Taxes / mo$611.67$611.67$611.67
Insurance / mo$216.67$216.67$216.67
MI / mo$329.02$329.02$132.12
HOA / mo$215.00$215.00$215.00
Total monthly$3,335.72$4,982.17$5,749.31
Cash to close$328,334$73,400$73,400