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$398,531$398,531$710,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$311,569$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.572%7.560%
1st payment$1,946.99$1,946.99$4,877.89
2nd payment$0.00$2,012.22$0.00
Taxes / mo$657.50$657.50$657.50
Insurance / mo$216.67$216.67$216.67
MI / mo$326.28$326.28$142.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,147.44$5,159.66$5,894.08
Cash to close$390,469$78,900$78,900