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$553,342$553,342$899,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$346,568$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.856%7.640%
1st payment$3,029.69$3,029.69$6,230.80
2nd payment$0.00$2,238.25$0.00
Taxes / mo$833.25$833.25$833.25
Insurance / mo$216.67$216.67$216.67
MI / mo$459.44$459.44$179.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,539.05$6,777.30$7,460.69
Cash to close$446,558$99,990$99,990