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$654,743$654,743$855,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$200,257$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%5.912%7.640%
1st payment$3,582.06$3,582.06$5,919.85
2nd payment$0.00$1,293.32$0.00
Taxes / mo$404.08$404.08$404.08
Insurance / mo$216.67$216.67$216.67
MI / mo$500.76$500.76$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,703.57$5,996.89$6,711.60
Cash to close$295,257$95,000$95,000