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$391,029$391,029$549,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$157,971$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.379%7.640%
1st payment$2,020.63$2,020.63$3,801.17
2nd payment$0.00$1,053.14$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$319.93$319.93$109.80
HOA / mo$82.00$82.00$82.00
Total monthly$3,097.57$4,150.70$4,667.97
Cash to close$218,971$61,000$61,000