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$597,784$597,784$755,820
Remaining term (yrs)23.023.030.0
Secondary amount$0$158,036$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.232%7.640%
1st payment$3,189.13$3,189.13$5,233.15
2nd payment$0.00$1,053.58$0.00
Taxes / mo$699.83$699.83$699.83
Insurance / mo$216.67$216.67$216.67
MI / mo$493.81$493.81$151.16
HOA / mo$175.00$175.00$175.00
Total monthly$4,774.44$5,828.02$6,475.81
Cash to close$242,016$83,980$83,980