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$453,222$453,222$742,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$289,278$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.308%7.640%
1st payment$2,191.45$2,191.45$5,140.92
2nd payment$0.00$1,868.25$0.00
Taxes / mo$660.50$660.50$660.50
Insurance / mo$0.00$0.00$0.00
MI / mo$372.94$372.94$148.50
HOA / mo$100.00$100.00$100.00
Total monthly$3,324.89$5,193.14$6,049.92
Cash to close$371,778$82,500$82,500