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$469,569$469,569$1,034,100
Remaining term (yrs)18.918.930.0
Secondary amount$0$564,531$0
Funding fee$0$0$0
Note rate4.380%4.380%7.400%
Blended rate5.230%6.606%7.640%
1st payment$3,029.03$3,029.03$7,159.90
2nd payment$0.00$3,645.93$0.00
Taxes / mo$957.50$957.50$957.50
Insurance / mo$216.67$216.67$216.67
MI / mo$429.47$429.47$206.82
HOA / mo$120.00$120.00$120.00
Total monthly$4,752.67$8,398.60$8,660.89
Cash to close$679,431$114,900$114,900