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$563,573$563,573$1,305,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$741,427$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%6.208%7.640%
1st payment$2,870.65$2,870.65$9,035.56
2nd payment$0.00$4,788.38$0.00
Taxes / mo$1,208.33$1,208.33$1,208.33
Insurance / mo$216.67$216.67$216.67
MI / mo$462.54$462.54$261.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,758.19$9,546.57$10,721.56
Cash to close$886,427$145,000$145,000