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$538,912$538,912$1,350,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$811,088$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%6.201%7.640%
1st payment$2,566.93$2,566.93$9,347.13
2nd payment$0.00$5,238.28$0.00
Taxes / mo$492.75$492.75$492.75
Insurance / mo$216.67$216.67$216.67
MI / mo$430.17$430.17$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,706.51$8,944.79$10,326.54
Cash to close$961,088$150,000$150,000