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$487,508$487,508$796,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$308,992$0
Funding fee$0$0$0
Note rate4.040%4.040%7.320%
Blended rate4.890%5.999%7.560%
1st payment$2,810.10$2,810.10$5,471.40
2nd payment$0.00$1,995.57$0.00
Taxes / mo$737.50$737.50$737.50
Insurance / mo$216.67$216.67$216.67
MI / mo$414.92$414.92$159.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,179.19$6,174.76$6,584.87
Cash to close$397,492$88,500$88,500