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$505,262$505,262$751,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$246,238$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.229%7.640%
1st payment$2,514.23$2,514.23$5,203.23
2nd payment$0.00$1,590.29$0.00
Taxes / mo$229.25$229.25$229.25
Insurance / mo$216.67$216.67$216.67
MI / mo$414.42$414.42$150.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,374.56$4,964.85$5,799.45
Cash to close$329,738$83,500$83,500