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$415,703$415,703$657,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$241,297$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.479%7.640%
1st payment$2,108.20$2,108.20$4,548.94
2nd payment$0.00$1,558.38$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$340.54$340.54$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,273.74$4,832.12$5,505.34
Cash to close$314,297$73,000$73,000