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$402,073$402,073$674,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$272,837$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.915%7.640%
1st payment$2,201.45$2,201.45$4,672.94
2nd payment$0.00$1,762.07$0.00
Taxes / mo$422.17$422.17$422.17
Insurance / mo$216.67$216.67$216.67
MI / mo$333.84$333.84$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,174.13$4,936.20$5,446.76
Cash to close$347,827$74,990$74,990