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$423,817$423,817$810,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$386,183$0
Funding fee$0$0$0
Note rate4.180%4.180%7.400%
Blended rate5.030%6.327%7.640%
1st payment$2,419.02$2,419.02$5,608.28
2nd payment$0.00$2,494.10$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$351.23$351.23$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,736.92$6,231.02$6,736.94
Cash to close$476,183$90,000$90,000