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$481,577$481,577$787,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$305,923$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%5.487%7.640%
1st payment$2,414.55$2,414.55$5,452.49
2nd payment$0.00$1,975.75$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$216.67$216.67$216.67
MI / mo$395.48$395.48$157.50
HOA / mo$95.00$95.00$95.00
Total monthly$3,409.20$5,384.95$6,209.16
Cash to close$393,423$87,500$87,500