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$411,773$411,773$774,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$362,227$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.712%7.640%
1st payment$2,027.12$2,027.12$5,359.02
2nd payment$0.00$2,339.38$0.00
Taxes / mo$716.67$716.67$716.67
Insurance / mo$216.67$216.67$216.67
MI / mo$337.54$337.54$154.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,297.99$5,637.37$6,447.15
Cash to close$448,227$86,000$86,000