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$443,721$443,721$1,035,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$591,279$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%6.177%7.640%
1st payment$2,231.70$2,231.70$7,166.13
2nd payment$0.00$3,818.67$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$364.14$364.14$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,770.84$7,589.52$8,548.13
Cash to close$706,279$115,000$115,000