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$594,871$594,871$1,034,550
Remaining term (yrs)20.620.630.0
Secondary amount$0$439,679$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.140%7.560%
1st payment$3,551.51$3,551.51$7,106.64
2nd payment$0.00$2,839.59$0.00
Taxes / mo$957.92$957.92$957.92
Insurance / mo$216.67$216.67$216.67
MI / mo$520.63$520.63$206.91
HOA / mo$0.00$0.00$0.00
Total monthly$5,246.72$8,086.31$8,488.13
Cash to close$554,629$114,950$114,950