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$530,287$530,287$989,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$458,813$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.008%7.640%
1st payment$2,784.88$2,784.88$6,848.33
2nd payment$0.00$2,963.17$0.00
Taxes / mo$915.83$915.83$915.83
Insurance / mo$216.67$216.67$216.67
MI / mo$431.21$431.21$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,348.59$7,311.76$8,178.65
Cash to close$568,713$109,900$109,900