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$473,333$473,333$868,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$395,167$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.022%7.640%
1st payment$2,562.92$2,562.92$6,013.32
2nd payment$0.00$2,552.12$0.00
Taxes / mo$804.17$804.17$804.17
Insurance / mo$216.67$216.67$216.67
MI / mo$392.96$392.96$173.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,976.71$6,528.83$7,207.85
Cash to close$491,667$96,500$96,500