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$401,550$401,550$684,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$282,450$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.725%7.640%
1st payment$2,075.48$2,075.48$4,735.88
2nd payment$0.00$1,824.16$0.00
Taxes / mo$633.33$633.33$633.33
Insurance / mo$216.67$216.67$216.67
MI / mo$329.44$329.44$136.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,254.92$5,079.08$5,722.68
Cash to close$358,450$76,000$76,000