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$491,148$491,148$1,161,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$669,852$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%6.075%7.640%
1st payment$2,324.30$2,324.30$8,038.53
2nd payment$0.00$4,326.13$0.00
Taxes / mo$460.62$460.62$460.62
Insurance / mo$216.67$216.67$216.67
MI / mo$393.52$393.52$232.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,395.10$7,721.23$8,948.01
Cash to close$798,852$129,000$129,000