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$569,296$569,296$1,034,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$465,614$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.962%7.560%
1st payment$2,996.36$2,996.36$7,109.11
2nd payment$0.00$3,007.09$0.00
Taxes / mo$958.25$958.25$958.25
Insurance / mo$216.67$216.67$216.67
MI / mo$463.96$463.96$206.98
HOA / mo$928.00$928.00$928.00
Total monthly$5,563.24$8,570.33$9,419.01
Cash to close$580,604$114,990$114,990