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$463,500$463,500$782,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$318,600$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.445%7.640%
1st payment$2,190.61$2,190.61$5,415.10
2nd payment$0.00$2,057.62$0.00
Taxes / mo$724.17$724.17$724.17
Insurance / mo$216.67$216.67$216.67
MI / mo$367.57$367.57$156.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,499.01$5,556.64$6,512.36
Cash to close$405,500$86,900$86,900