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$975,914$975,914$1,372,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$396,586$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%5.340%7.640%
1st payment$4,821.29$4,821.29$9,502.91
2nd payment$0.00$2,561.28$0.00
Taxes / mo$1,270.83$1,270.83$1,270.83
Insurance / mo$216.67$216.67$216.67
MI / mo$759.58$759.58$274.50
HOA / mo$0.00$0.00$0.00
Total monthly$7,068.36$9,629.65$11,264.91
Cash to close$549,086$152,500$152,500