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$562,318$562,318$1,169,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$606,782$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%6.283%7.560%
1st payment$2,994.44$2,994.44$8,030.91
2nd payment$0.00$3,918.80$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$452.44$452.44$233.82
HOA / mo$240.00$240.00$240.00
Total monthly$4,986.05$8,904.84$9,803.89
Cash to close$736,682$129,900$129,900