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$392,053$392,053$797,299
Remaining term (yrs)18.918.930.0
Secondary amount$0$405,246$0
Funding fee$0$0$0
Note rate3.930%3.930%7.400%
Blended rate4.780%6.290%7.640%
1st payment$2,443.37$2,443.37$5,520.34
2nd payment$0.00$2,617.22$0.00
Taxes / mo$738.24$738.24$738.24
Insurance / mo$216.67$216.67$216.67
MI / mo$352.31$352.31$159.46
HOA / mo$0.00$0.00$0.00
Total monthly$3,750.58$6,367.80$6,634.71
Cash to close$493,835$88,589$88,589