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$507,804$507,804$679,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$171,606$0
Funding fee$0$0$0
Note rate3.450%3.450%7.240%
Blended rate4.300%5.235%7.480%
1st payment$2,497.37$2,497.37$4,630.17
2nd payment$0.00$1,144.04$0.00
Taxes / mo$629.08$629.08$629.08
Insurance / mo$216.67$216.67$216.67
MI / mo$396.40$396.40$135.88
HOA / mo$0.00$0.00$0.00
Total monthly$3,739.52$4,883.56$5,611.80
Cash to close$247,096$75,490$75,490