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$503,394$503,394$967,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$464,106$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.033%7.640%
1st payment$2,659.96$2,659.96$6,698.77
2nd payment$0.00$2,997.35$0.00
Taxes / mo$522.67$522.67$522.67
Insurance / mo$216.67$216.67$216.67
MI / mo$414.42$414.42$193.50
HOA / mo$8.33$8.33$8.33
Total monthly$3,822.04$6,819.39$7,639.94
Cash to close$571,606$107,500$107,500