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$417,706$417,706$922,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$504,794$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%6.025%7.560%
1st payment$1,991.63$1,991.63$6,336.93
2nd payment$0.00$3,260.13$0.00
Taxes / mo$854.17$854.17$854.17
Insurance / mo$216.67$216.67$216.67
MI / mo$330.79$330.79$184.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,393.26$6,653.39$7,592.27
Cash to close$607,294$102,500$102,500