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$471,845$471,845$1,214,100
Remaining term (yrs)18.718.730.0
Secondary amount$0$742,255$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.495%7.640%
1st payment$2,894.87$2,894.87$8,406.18
2nd payment$0.00$4,793.73$0.00
Taxes / mo$1,124.17$1,124.17$1,124.17
Insurance / mo$216.67$216.67$216.67
MI / mo$447.14$447.14$242.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,682.84$9,476.57$9,989.84
Cash to close$877,155$134,900$134,900