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$403,199$403,199$521,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$118,711$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%4.902%7.640%
1st payment$1,981.12$1,981.12$3,613.60
2nd payment$0.00$791.41$0.00
Taxes / mo$592.75$592.75$592.75
Insurance / mo$166.67$166.67$166.67
MI / mo$320.29$320.29$104.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,060.83$3,852.23$4,477.40
Cash to close$176,701$57,990$57,990