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$498,235$498,235$565,290
Remaining term (yrs)25.125.130.0
Secondary amount$0$67,055$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.355%7.640%
1st payment$2,315.94$2,315.94$3,913.95
2nd payment$0.00$502.91$0.00
Taxes / mo$303.33$303.33$303.33
Insurance / mo$166.67$166.67$166.67
MI / mo$395.14$395.14$113.06
HOA / mo$78.00$78.00$78.00
Total monthly$3,259.08$3,761.99$4,575.01
Cash to close$129,865$62,810$62,810