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$350,349$350,349$853,200
Remaining term (yrs)20.920.930.0
Secondary amount$0$502,851$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%6.543%7.640%
1st payment$2,049.73$2,049.73$5,907.38
2nd payment$0.00$3,247.58$0.00
Taxes / mo$790.00$790.00$790.00
Insurance / mo$216.67$216.67$216.67
MI / mo$305.59$305.59$170.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,361.98$6,609.56$7,084.69
Cash to close$597,651$94,800$94,800