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$422,696$422,696$743,310
Remaining term (yrs)22.322.330.0
Secondary amount$0$320,614$0
Funding fee$0$0$0
Note rate4.510%4.510%7.240%
Blended rate5.360%6.391%7.480%
1st payment$2,500.01$2,500.01$5,065.64
2nd payment$0.00$2,070.63$0.00
Taxes / mo$688.25$688.25$688.25
Insurance / mo$216.67$216.67$216.67
MI / mo$349.09$349.09$148.66
HOA / mo$0.00$0.00$0.00
Total monthly$3,754.01$5,824.64$6,119.22
Cash to close$403,204$82,590$82,590