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$549,814$549,814$787,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$237,686$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%5.104%7.560%
1st payment$2,610.25$2,610.25$5,409.58
2nd payment$0.00$1,535.06$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$432.44$432.44$157.50
HOA / mo$515.00$515.00$515.00
Total monthly$4,503.52$6,038.58$7,027.91
Cash to close$325,186$87,500$87,500