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$420,325$420,325$675,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$254,675$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.178%7.640%
1st payment$1,980.29$1,980.29$4,673.56
2nd payment$0.00$1,644.77$0.00
Taxes / mo$725.67$725.67$725.67
Insurance / mo$216.67$216.67$216.67
MI / mo$342.71$342.71$135.00
HOA / mo$80.00$80.00$80.00
Total monthly$3,345.33$4,990.10$5,830.90
Cash to close$329,675$75,000$75,000