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$523,348$523,348$1,034,100
Remaining term (yrs)20.520.530.0
Secondary amount$0$510,752$0
Funding fee$0$0$0
Note rate4.150%4.150%7.400%
Blended rate5.000%6.358%7.640%
1st payment$3,146.46$3,146.46$7,159.90
2nd payment$0.00$3,298.61$0.00
Taxes / mo$957.50$957.50$957.50
Insurance / mo$216.67$216.67$216.67
MI / mo$458.49$458.49$206.82
HOA / mo$347.00$347.00$347.00
Total monthly$5,126.12$8,424.73$8,887.89
Cash to close$625,652$114,900$114,900