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$608,547$608,547$1,282,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$673,953$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.208%7.640%
1st payment$3,727.33$3,727.33$8,879.77
2nd payment$0.00$4,352.62$0.00
Taxes / mo$1,187.50$1,187.50$1,187.50
Insurance / mo$216.67$216.67$216.67
MI / mo$577.14$577.14$256.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,708.63$10,061.25$10,540.44
Cash to close$816,453$142,500$142,500