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$497,789$497,789$697,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$199,711$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.531%7.640%
1st payment$2,654.23$2,654.23$4,829.35
2nd payment$0.00$1,331.41$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$408.96$408.96$139.50
HOA / mo$388.00$388.00$388.00
Total monthly$4,313.69$5,645.10$6,219.35
Cash to close$277,211$77,500$77,500