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$407,745$407,745$629,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$222,165$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.374%7.640%
1st payment$2,045.98$2,045.98$4,361.37
2nd payment$0.00$1,434.82$0.00
Taxes / mo$583.25$583.25$583.25
Insurance / mo$166.67$166.67$166.67
MI / mo$333.84$333.84$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,129.74$4,564.56$5,237.27
Cash to close$292,155$69,990$69,990