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$698,566$698,566$1,529,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$830,534$0
Funding fee$0$0$0
Note rate2.380%2.380%7.400%
Blended rate3.230%5.685%7.640%
1st payment$3,091.84$3,091.84$10,587.18
2nd payment$0.00$5,363.86$0.00
Taxes / mo$1,415.83$1,415.83$1,415.83
Insurance / mo$216.67$216.67$216.67
MI / mo$563.13$563.13$305.82
HOA / mo$63.33$63.33$63.33
Total monthly$5,350.79$10,714.65$12,588.83
Cash to close$1,000,434$169,900$169,900