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$608,275$608,275$864,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$255,725$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.427%7.640%
1st payment$3,214.16$3,214.16$5,982.16
2nd payment$0.00$1,651.56$0.00
Taxes / mo$800.00$800.00$800.00
Insurance / mo$216.67$216.67$216.67
MI / mo$500.76$500.76$172.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,731.59$6,383.14$7,171.63
Cash to close$351,725$96,000$96,000