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$633,826$633,826$900,000
Remaining term (yrs)29.729.730.0
Secondary amount$0$266,174$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.300%6.025%7.640%
1st payment$3,314.69$3,314.69$6,231.42
2nd payment$0.00$1,719.04$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$291.24$291.24$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,655.93$6,374.97$7,461.42
Cash to close$366,174$100,000$100,000