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$467,063$467,063$684,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$216,937$0
Funding fee$0$0$0
Note rate4.380%4.380%7.400%
Blended rate5.230%6.029%7.640%
1st payment$2,791.12$2,791.12$4,735.88
2nd payment$0.00$1,401.05$0.00
Taxes / mo$633.33$633.33$633.33
Insurance / mo$216.67$216.67$216.67
MI / mo$395.74$395.74$136.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,036.86$5,437.91$5,722.68
Cash to close$292,937$76,000$76,000