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$25,910$25,910$418,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$392,590$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%7.514%7.640%
1st payment$123.00$123.00$2,897.61
2nd payment$0.00$2,535.48$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$20.43$20.43$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$697.60$3,233.08$3,535.48
Cash to close$439,090$46,500$46,500