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$531,052$531,052$765,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$233,948$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%5.730%7.640%
1st payment$2,949.67$2,949.67$5,296.71
2nd payment$0.00$1,510.92$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$438.17$438.17$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,312.84$5,823.76$6,374.71
Cash to close$318,948$85,000$85,000