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$431,890$431,890$647,100
Remaining term (yrs)21.721.730.0
Secondary amount$0$215,210$0
Funding fee$0$0$0
Note rate4.660%4.660%7.320%
Blended rate5.510%6.255%7.560%
1st payment$2,629.76$2,629.76$4,445.13
2nd payment$0.00$1,389.90$0.00
Taxes / mo$599.17$599.17$599.17
Insurance / mo$216.67$216.67$216.67
MI / mo$360.83$360.83$129.42
HOA / mo$345.00$345.00$345.00
Total monthly$4,151.43$5,541.33$5,735.38
Cash to close$287,110$71,900$71,900