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$388,758$388,758$718,200
Remaining term (yrs)20.120.130.0
Secondary amount$0$329,442$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.910%7.640%
1st payment$2,235.42$2,235.42$4,972.67
2nd payment$0.00$2,127.65$0.00
Taxes / mo$665.00$665.00$665.00
Insurance / mo$216.67$216.67$216.67
MI / mo$352.62$352.62$143.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,469.70$5,597.35$5,997.98
Cash to close$409,242$79,800$79,800