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$570,326$570,326$936,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$365,674$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%5.764%7.640%
1st payment$3,032.67$3,032.67$6,480.67
2nd payment$0.00$2,361.64$0.00
Taxes / mo$866.67$866.67$866.67
Insurance / mo$216.67$216.67$216.67
MI / mo$470.16$470.16$187.20
HOA / mo$108.00$108.00$108.00
Total monthly$4,694.16$7,055.81$7,859.21
Cash to close$469,674$104,000$104,000