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$472,510$472,510$809,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$336,590$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.290%7.640%
1st payment$2,753.95$2,753.95$5,602.04
2nd payment$0.00$2,173.81$0.00
Taxes / mo$412.08$412.08$412.08
Insurance / mo$216.67$216.67$216.67
MI / mo$389.55$389.55$161.82
HOA / mo$240.67$240.67$240.67
Total monthly$4,012.92$6,186.73$6,633.28
Cash to close$426,490$89,900$89,900