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$3,700$3,700$449,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$446,210$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%7.718%7.640%
1st payment$19.46$19.46$3,115.09
2nd payment$0.00$2,881.78$0.00
Taxes / mo$136.58$136.58$136.58
Insurance / mo$166.67$166.67$166.67
MI / mo$3.06$3.06$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$325.77$3,207.54$3,508.32
Cash to close$496,200$49,990$49,990