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$571,647$571,647$1,210,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$638,853$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%6.418%7.640%
1st payment$3,210.15$3,210.15$8,381.26
2nd payment$0.00$4,125.93$0.00
Taxes / mo$1,120.83$1,120.83$1,120.83
Insurance / mo$216.67$216.67$216.67
MI / mo$471.72$471.72$242.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,019.37$9,145.29$9,960.86
Cash to close$773,353$134,500$134,500