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$3,409$3,409$391,050
Remaining term (yrs)14.814.830.0
Secondary amount$0$387,641$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%7.717%7.640%
1st payment$23.86$23.86$2,707.55
2nd payment$0.00$2,503.51$0.00
Taxes / mo$149.67$149.67$149.67
Insurance / mo$150.00$150.00$150.00
MI / mo$3.12$3.12$78.21
HOA / mo$0.00$0.00$0.00
Total monthly$326.65$2,830.16$3,085.43
Cash to close$431,091$43,450$43,450