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$408,551$408,551$585,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$176,449$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.025%7.640%
1st payment$1,959.19$1,959.19$4,050.42
2nd payment$0.00$1,176.33$0.00
Taxes / mo$602.25$602.25$602.25
Insurance / mo$166.67$166.67$166.67
MI / mo$333.84$333.84$117.00
HOA / mo$30.00$30.00$30.00
Total monthly$3,091.95$4,268.28$4,966.34
Cash to close$241,449$65,000$65,000