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$486,933$486,933$692,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$205,167$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%5.034%7.560%
1st payment$2,334.89$2,334.89$4,754.25
2nd payment$0.00$1,325.04$0.00
Taxes / mo$640.83$640.83$640.83
Insurance / mo$216.67$216.67$216.67
MI / mo$390.28$390.28$138.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,582.67$4,907.71$5,750.17
Cash to close$282,067$76,900$76,900