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$503,825$503,825$800,910
Remaining term (yrs)21.621.630.0
Secondary amount$0$297,085$0
Funding fee$0$0$0
Note rate4.440%4.440%7.320%
Blended rate5.290%6.202%7.560%
1st payment$3,013.48$3,013.48$5,501.70
2nd payment$0.00$1,918.67$0.00
Taxes / mo$741.58$741.58$741.58
Insurance / mo$216.67$216.67$216.67
MI / mo$424.26$424.26$160.18
HOA / mo$0.00$0.00$0.00
Total monthly$4,395.99$6,314.66$6,620.13
Cash to close$386,075$88,990$88,990