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$563,964$563,964$594,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$30,036$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.015%7.640%
1st payment$2,615.62$2,615.62$4,112.74
2nd payment$0.00$225.27$0.00
Taxes / mo$329.50$329.50$329.50
Insurance / mo$166.67$166.67$166.67
MI / mo$445.12$445.12$118.80
HOA / mo$57.00$57.00$57.00
Total monthly$3,613.91$3,839.18$4,784.70
Cash to close$96,036$66,000$66,000