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$459,397$459,397$647,055
Remaining term (yrs)22.722.730.0
Secondary amount$0$187,658$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%5.756%7.640%
1st payment$2,557.38$2,557.38$4,480.08
2nd payment$0.00$1,251.05$0.00
Taxes / mo$599.13$599.13$599.13
Insurance / mo$216.67$216.67$216.67
MI / mo$379.89$379.89$129.41
HOA / mo$0.00$0.00$0.00
Total monthly$3,753.06$5,004.11$5,425.28
Cash to close$259,553$71,895$71,895