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$449,185$449,185$742,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$293,315$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.808%7.640%
1st payment$2,400.49$2,400.49$5,140.92
2nd payment$0.00$1,894.32$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$369.87$369.87$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,674.53$5,568.85$6,193.59
Cash to close$375,815$82,500$82,500