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$413,789$413,789$584,999
Remaining term (yrs)20.520.530.0
Secondary amount$0$171,211$0
Funding fee$0$0$0
Note rate4.360%4.360%7.320%
Blended rate5.210%6.027%7.560%
1st payment$2,534.44$2,534.44$4,018.54
2nd payment$0.00$1,141.40$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$360.20$360.20$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,602.97$4,744.38$4,843.87
Cash to close$236,210$65,000$65,000