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$499,776$499,776$830,700
Remaining term (yrs)21.421.430.0
Secondary amount$0$330,924$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.065%7.560%
1st payment$2,917.84$2,917.84$5,706.33
2nd payment$0.00$2,137.22$0.00
Taxes / mo$769.17$769.17$769.17
Insurance / mo$216.67$216.67$216.67
MI / mo$427.73$427.73$166.14
HOA / mo$0.00$0.00$0.00
Total monthly$4,331.41$6,468.63$6,858.31
Cash to close$423,224$92,300$92,300