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$582,640$582,640$1,169,999
Remaining term (yrs)22.522.530.0
Secondary amount$0$587,359$0
Funding fee$0$0$0
Note rate4.410%4.410%7.320%
Blended rate5.260%6.510%7.560%
1st payment$3,391.75$3,391.75$8,037.08
2nd payment$0.00$3,793.36$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$479.20$479.20$234.00
HOA / mo$48.00$48.00$48.00
Total monthly$5,218.95$9,012.30$9,619.08
Cash to close$717,359$130,000$130,000