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$550,085$550,085$764,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$214,825$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%5.046%7.640%
1st payment$2,620.22$2,620.22$5,296.08
2nd payment$0.00$1,387.41$0.00
Taxes / mo$708.25$708.25$708.25
Insurance / mo$216.67$216.67$216.67
MI / mo$432.44$432.44$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,977.57$5,364.98$6,373.98
Cash to close$299,815$84,990$84,990