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$489,030$489,030$495,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$33,470$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.149%7.640%
1st payment$2,250.57$2,250.57$3,427.28
2nd payment$0.00$331.22$0.00
Taxes / mo$398.42$398.42$398.42
Insurance / mo$166.67$166.67$166.67
MI / mo$389.48$389.48$99.00
HOA / mo$104.00$104.00$104.00
Total monthly$3,309.14$3,640.36$4,195.36
Cash to close$60,970$27,500$55,000