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$441,043$441,043$593,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$152,867$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.475%7.640%
1st payment$2,387.31$2,387.31$4,112.11
2nd payment$0.00$1,019.11$0.00
Taxes / mo$549.92$549.92$549.92
Insurance / mo$166.67$166.67$166.67
MI / mo$365.14$365.14$118.78
HOA / mo$0.00$0.00$0.00
Total monthly$3,469.04$4,488.15$4,947.48
Cash to close$218,857$65,990$65,990