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$425,529$425,529$661,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$235,971$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%5.331%7.640%
1st payment$2,031.28$2,031.28$4,580.09
2nd payment$0.00$1,523.98$0.00
Taxes / mo$612.50$612.50$612.50
Insurance / mo$216.67$216.67$216.67
MI / mo$335.24$335.24$132.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,195.69$4,719.67$5,541.56
Cash to close$309,471$73,500$73,500