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$575,625$575,625$985,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$409,875$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%6.185%7.640%
1st payment$3,389.84$3,389.84$6,823.40
2nd payment$0.00$2,647.11$0.00
Taxes / mo$912.50$912.50$912.50
Insurance / mo$216.67$216.67$216.67
MI / mo$489.84$489.84$197.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,008.85$7,655.96$8,149.67
Cash to close$519,375$109,500$109,500