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$602,629$602,629$854,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$251,471$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.473%7.640%
1st payment$3,503.43$3,503.43$5,913.62
2nd payment$0.00$1,624.08$0.00
Taxes / mo$230.42$230.42$230.42
Insurance / mo$216.67$216.67$216.67
MI / mo$457.58$457.58$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,408.09$6,032.17$6,531.52
Cash to close$346,371$94,900$94,900