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$494,343$494,343$985,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$491,157$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.556%7.640%
1st payment$3,786.75$3,786.75$6,823.40
2nd payment$0.00$3,172.05$0.00
Taxes / mo$912.50$912.50$912.50
Insurance / mo$216.67$216.67$216.67
MI / mo$528.14$528.14$197.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,444.05$8,616.11$8,149.67
Cash to close$600,657$109,500$109,500