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$463,514$463,514$854,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$390,586$0
Funding fee$0$0$0
Note rate4.430%4.430%7.320%
Blended rate5.280%6.410%7.560%
1st payment$2,508.66$2,508.66$5,867.07
2nd payment$0.00$2,522.53$0.00
Taxes / mo$697.47$697.47$697.47
Insurance / mo$216.67$216.67$216.67
MI / mo$353.60$353.60$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,776.40$6,298.93$6,952.03
Cash to close$485,486$94,900$94,900