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$493,098$493,098$701,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$208,002$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.113%7.560%
1st payment$2,447.96$2,447.96$4,816.07
2nd payment$0.00$1,343.35$0.00
Taxes / mo$649.17$649.17$649.17
Insurance / mo$216.67$216.67$216.67
MI / mo$403.50$403.50$140.22
HOA / mo$283.00$283.00$283.00
Total monthly$4,000.29$5,343.63$6,105.12
Cash to close$285,902$77,900$77,900