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$406,810$406,810$472,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$65,690$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%4.428%7.560%
1st payment$1,891.13$1,891.13$3,245.75
2nd payment$0.00$492.68$0.00
Taxes / mo$269.17$269.17$269.17
Insurance / mo$166.67$166.67$166.67
MI / mo$324.33$324.33$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,651.29$3,143.97$3,776.08
Cash to close$118,190$52,500$52,500