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$568,197$568,197$900,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$331,803$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.761%7.640%
1st payment$3,068.59$3,068.59$6,231.42
2nd payment$0.00$2,142.89$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$469.34$469.34$180.00
HOA / mo$230.00$230.00$230.00
Total monthly$4,817.92$6,960.82$7,691.42
Cash to close$431,803$100,000$100,000