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$501,943$501,943$1,080,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$578,057$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.276%7.640%
1st payment$3,169.91$3,169.91$7,477.70
2nd payment$0.00$3,733.29$0.00
Taxes / mo$354.58$354.58$354.58
Insurance / mo$216.67$216.67$216.67
MI / mo$231.90$231.90$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,973.06$7,706.35$8,264.95
Cash to close$698,057$120,000$120,000