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$399,469$399,469$674,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$275,441$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.720%7.640%
1st payment$2,068.96$2,068.96$4,672.94
2nd payment$0.00$1,778.89$0.00
Taxes / mo$364.58$364.58$364.58
Insurance / mo$216.67$216.67$216.67
MI / mo$327.58$327.58$134.98
HOA / mo$75.00$75.00$75.00
Total monthly$3,052.79$4,831.68$5,464.17
Cash to close$350,431$74,990$74,990