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$424,529$424,529$718,200
Remaining term (yrs)23.123.130.0
Secondary amount$0$293,671$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.888%7.560%
1st payment$2,282.36$2,282.36$4,933.54
2nd payment$0.00$1,896.62$0.00
Taxes / mo$665.00$665.00$665.00
Insurance / mo$216.67$216.67$216.67
MI / mo$349.09$349.09$143.64
HOA / mo$98.00$98.00$98.00
Total monthly$3,611.11$5,507.73$6,056.84
Cash to close$373,471$79,800$79,800