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$492,520$492,520$765,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$272,480$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.233%7.560%
1st payment$2,348.89$2,348.89$5,255.02
2nd payment$0.00$1,759.77$0.00
Taxes / mo$741.50$741.50$741.50
Insurance / mo$216.67$216.67$216.67
MI / mo$395.14$395.14$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,702.19$5,461.96$6,366.19
Cash to close$357,480$85,000$85,000