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$490,805$490,805$733,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$242,695$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.140%7.640%
1st payment$2,337.95$2,337.95$5,078.61
2nd payment$0.00$1,567.40$0.00
Taxes / mo$679.17$679.17$679.17
Insurance / mo$216.67$216.67$216.67
MI / mo$392.80$392.80$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,626.58$5,193.99$6,121.14
Cash to close$324,195$81,500$81,500