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$409,894$409,894$652,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$242,606$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.344%7.640%
1st payment$2,017.87$2,017.87$4,517.78
2nd payment$0.00$1,566.83$0.00
Taxes / mo$341.08$341.08$341.08
Insurance / mo$216.67$216.67$216.67
MI / mo$336.00$336.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,911.62$4,478.45$5,206.03
Cash to close$315,106$72,500$72,500