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$489,514$489,514$819,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$329,486$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.855%7.640%
1st payment$2,650.53$2,650.53$5,670.59
2nd payment$0.00$2,127.93$0.00
Taxes / mo$758.33$758.33$758.33
Insurance / mo$216.67$216.67$216.67
MI / mo$406.39$406.39$163.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,031.92$6,159.85$6,809.39
Cash to close$420,486$91,000$91,000