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$439,008$439,008$638,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$199,092$0
Funding fee$0$0$0
Note rate4.200%4.200%7.240%
Blended rate5.050%5.970%7.480%
1st payment$2,499.48$2,499.48$4,348.64
2nd payment$0.00$1,327.28$0.00
Taxes / mo$590.83$590.83$590.83
Insurance / mo$216.67$216.67$216.67
MI / mo$362.05$362.05$127.62
HOA / mo$124.00$124.00$124.00
Total monthly$3,793.03$5,120.31$5,407.76
Cash to close$269,992$70,900$70,900