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$486,783$486,783$674,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$188,127$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%5.360%7.640%
1st payment$2,549.70$2,549.70$4,672.94
2nd payment$0.00$1,254.18$0.00
Taxes / mo$624.92$624.92$624.92
Insurance / mo$216.67$216.67$216.67
MI / mo$402.70$402.70$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,793.98$5,048.16$5,649.51
Cash to close$263,117$74,990$74,990