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$456,743$456,743$1,080,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$623,257$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.517%7.560%
1st payment$2,978.61$2,978.61$7,418.85
2nd payment$0.00$4,025.20$0.00
Taxes / mo$320.97$320.97$320.97
Insurance / mo$216.67$216.67$216.67
MI / mo$212.66$212.66$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,728.91$7,754.11$8,172.49
Cash to close$743,257$120,000$120,000