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$415,051$415,051$585,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$169,949$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.588%7.640%
1st payment$2,246.62$2,246.62$4,050.42
2nd payment$0.00$1,133.00$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$343.62$343.62$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,298.57$4,431.57$4,875.76
Cash to close$234,949$65,000$65,000