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$957,248$957,248$1,440,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$482,752$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.171%7.640%
1st payment$4,590.55$4,590.55$9,970.27
2nd payment$0.00$3,117.77$0.00
Taxes / mo$1,333.33$1,333.33$1,333.33
Insurance / mo$216.67$216.67$216.67
MI / mo$769.29$769.29$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,909.84$10,027.61$11,808.27
Cash to close$642,752$160,000$160,000