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$566,763$566,763$1,048,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$481,737$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.015%7.640%
1st payment$3,028.84$3,028.84$7,259.60
2nd payment$0.00$3,111.22$0.00
Taxes / mo$970.83$970.83$970.83
Insurance / mo$216.67$216.67$216.67
MI / mo$466.68$466.68$209.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,683.02$7,794.24$8,656.80
Cash to close$598,237$116,500$116,500