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$634,611$634,611$1,034,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$400,388$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.254%7.640%
1st payment$3,009.32$3,009.32$7,166.12
2nd payment$0.00$2,585.84$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$516.76$516.76$207.00
HOA / mo$633.00$633.00$633.00
Total monthly$5,334.08$7,919.92$9,181.12
Cash to close$515,388$115,000$115,000