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$564,805$564,805$1,345,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$780,695$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.302%7.640%
1st payment$2,789.11$2,789.11$9,315.97
2nd payment$0.00$5,041.99$0.00
Taxes / mo$683.75$683.75$683.75
Insurance / mo$216.67$216.67$216.67
MI / mo$442.71$442.71$269.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,132.24$9,174.23$10,485.49
Cash to close$930,195$149,500$149,500