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$531,047$531,047$1,080,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$548,953$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%6.177%7.560%
1st payment$2,847.26$2,847.26$7,418.85
2nd payment$0.00$3,545.32$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$438.17$438.17$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,502.09$8,047.42$8,851.52
Cash to close$668,953$120,000$120,000