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$415,447$415,447$629,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$213,653$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.963%7.560%
1st payment$1,928.93$1,928.93$4,321.48
2nd payment$0.00$1,379.84$0.00
Taxes / mo$407.42$407.42$407.42
Insurance / mo$166.67$166.67$166.67
MI / mo$337.75$337.75$125.82
HOA / mo$65.00$65.00$65.00
Total monthly$2,905.76$4,285.60$5,086.38
Cash to close$283,553$69,900$69,900