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$575,625$575,625$1,034,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$458,475$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%6.258%7.640%
1st payment$3,389.84$3,389.84$7,159.90
2nd payment$0.00$2,960.98$0.00
Taxes / mo$957.50$957.50$957.50
Insurance / mo$216.67$216.67$216.67
MI / mo$489.84$489.84$206.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,053.85$8,014.83$8,540.89
Cash to close$573,375$114,900$114,900