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$544,057$544,057$1,052,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$508,043$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%5.987%7.560%
1st payment$2,823.57$2,823.57$7,227.20
2nd payment$0.00$3,281.11$0.00
Taxes / mo$974.17$974.17$974.17
Insurance / mo$216.67$216.67$216.67
MI / mo$445.95$445.95$210.42
HOA / mo$0.00$0.00$0.00
Total monthly$4,460.36$7,741.47$8,628.45
Cash to close$624,943$116,900$116,900