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$603,091$603,091$1,030,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$427,409$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%5.959%7.640%
1st payment$3,264.27$3,264.27$7,134.97
2nd payment$0.00$2,760.35$0.00
Taxes / mo$954.17$954.17$954.17
Insurance / mo$216.67$216.67$216.67
MI / mo$493.81$493.81$206.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,928.91$7,689.26$8,511.91
Cash to close$541,909$114,500$114,500