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$424,225$424,225$615,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$191,375$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.188%7.640%
1st payment$2,088.42$2,088.42$4,262.29
2nd payment$0.00$1,275.83$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$166.67$166.67$166.67
MI / mo$347.75$347.75$123.12
HOA / mo$2.08$2.08$2.08
Total monthly$2,799.41$4,075.25$4,748.66
Cash to close$259,775$68,400$68,400