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$387,576$387,576$719,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$332,334$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.000%7.640%
1st payment$2,290.78$2,290.78$4,984.51
2nd payment$0.00$2,146.32$0.00
Taxes / mo$666.58$666.58$666.58
Insurance / mo$216.67$216.67$216.67
MI / mo$354.71$354.71$143.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,528.74$5,675.06$6,011.74
Cash to close$412,324$79,990$79,990