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$413,904$413,904$877,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$463,596$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%6.217%7.560%
1st payment$2,178.49$2,178.49$6,027.82
2nd payment$0.00$2,994.06$0.00
Taxes / mo$812.50$812.50$812.50
Insurance / mo$216.67$216.67$216.67
MI / mo$337.32$337.32$175.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,544.98$6,539.03$7,232.48
Cash to close$561,096$97,500$97,500