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$411,585$411,585$854,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$442,515$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.232%7.640%
1st payment$2,212.77$2,212.77$5,913.62
2nd payment$0.00$2,857.91$0.00
Taxes / mo$790.83$790.83$790.83
Insurance / mo$216.67$216.67$216.67
MI / mo$338.44$338.44$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,558.71$6,416.62$7,091.94
Cash to close$537,415$94,900$94,900