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$429,717$429,717$715,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$285,783$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.330%7.640%
1st payment$2,008.83$2,008.83$4,953.98
2nd payment$0.00$1,845.68$0.00
Taxes / mo$497.42$497.42$497.42
Insurance / mo$216.67$216.67$216.67
MI / mo$343.18$343.18$143.10
HOA / mo$43.75$43.75$43.75
Total monthly$3,109.85$4,955.53$5,854.91
Cash to close$365,283$79,500$79,500