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$826,722$826,722$1,057,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$230,778$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.397%7.640%
1st payment$4,255.58$4,255.58$7,321.92
2nd payment$0.00$1,490.44$0.00
Taxes / mo$979.17$979.17$979.17
Insurance / mo$216.67$216.67$216.67
MI / mo$639.86$639.86$211.50
HOA / mo$0.00$0.00$0.00
Total monthly$6,091.27$7,581.71$8,729.25
Cash to close$348,278$117,500$117,500