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$443,530$443,530$737,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$293,570$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%5.536%7.640%
1st payment$2,131.39$2,131.39$5,103.53
2nd payment$0.00$1,895.97$0.00
Taxes / mo$260.42$260.42$260.42
Insurance / mo$216.67$216.67$216.67
MI / mo$348.22$348.22$147.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,956.69$4,852.66$5,728.03
Cash to close$375,470$81,900$81,900