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$460,586$460,586$625,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$164,914$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%5.754%7.640%
1st payment$2,591.48$2,591.48$4,330.84
2nd payment$0.00$1,099.43$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$379.89$379.89$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,717.21$4,816.64$5,201.77
Cash to close$234,414$69,500$69,500