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$524,360$524,360$697,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$173,140$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.519%7.640%
1st payment$2,682.48$2,682.48$4,829.35
2nd payment$0.00$1,154.27$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$405.30$405.30$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,950.28$5,104.55$5,831.35
Cash to close$250,640$77,500$77,500