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$418,996$418,996$629,991
Remaining term (yrs)23.723.730.0
Secondary amount$0$210,995$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.223%7.640%
1st payment$2,074.07$2,074.07$4,361.93
2nd payment$0.00$1,362.68$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$344.05$344.05$126.00
HOA / mo$315.00$315.00$315.00
Total monthly$3,483.11$4,845.79$5,552.92
Cash to close$280,994$69,999$69,999