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$562,968$562,968$715,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$152,532$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.656%7.640%
1st payment$2,611.00$2,611.00$4,953.98
2nd payment$0.00$1,016.88$0.00
Taxes / mo$603.17$603.17$603.17
Insurance / mo$216.67$216.67$216.67
MI / mo$444.34$444.34$143.10
HOA / mo$25.00$25.00$25.00
Total monthly$3,900.17$4,917.05$5,941.91
Cash to close$232,032$79,500$79,500