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$536,425$536,425$900,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$363,575$0
Funding fee$0$0$0
Note rate5.110%5.110%7.400%
Blended rate5.960%6.683%7.640%
1st payment$3,124.88$3,124.88$6,231.42
2nd payment$0.00$2,348.09$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$407.21$407.21$180.00
HOA / mo$490.00$490.00$490.00
Total monthly$5,072.09$7,420.18$7,951.42
Cash to close$463,575$100,000$100,000