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$462,729$462,729$719,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$256,371$0
Funding fee$0$0$0
Note rate3.125%3.125%7.400%
Blended rate3.975%5.321%7.640%
1st payment$2,296.56$2,296.56$4,978.90
2nd payment$0.00$1,655.73$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$379.74$379.74$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,558.81$5,214.54$6,005.22
Cash to close$336,271$79,900$79,900