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$425,139$425,139$701,100
Remaining term (yrs)21.621.630.0
Secondary amount$0$275,961$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%6.246%7.640%
1st payment$2,538.19$2,538.19$4,854.27
2nd payment$0.00$1,782.25$0.00
Taxes / mo$649.17$649.17$649.17
Insurance / mo$216.67$216.67$216.67
MI / mo$358.18$358.18$140.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,762.20$5,544.45$5,860.33
Cash to close$353,861$77,900$77,900