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$464,738$464,738$809,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$344,362$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.562%7.640%
1st payment$2,245.62$2,245.62$5,602.04
2nd payment$0.00$2,224.00$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$372.98$372.98$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,584.43$5,808.44$6,729.70
Cash to close$434,262$89,900$89,900