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$431,860$431,860$719,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$288,050$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.380%7.640%
1st payment$2,045.97$2,045.97$4,984.51
2nd payment$0.00$1,860.32$0.00
Taxes / mo$666.58$666.58$666.58
Insurance / mo$216.67$216.67$216.67
MI / mo$345.95$345.95$143.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,275.17$5,135.49$6,011.74
Cash to close$368,040$79,990$79,990