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$467,287$467,287$629,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$161,813$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.400%7.640%
1st payment$2,470.46$2,470.46$4,355.76
2nd payment$0.00$1,078.75$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$382.53$382.53$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,602.15$4,680.90$5,230.75
Cash to close$231,713$69,900$69,900