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$428,572$428,572$665,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$237,427$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.221%7.640%
1st payment$2,039.46$2,039.46$4,611.24
2nd payment$0.00$1,533.38$0.00
Taxes / mo$616.67$616.67$616.67
Insurance / mo$216.67$216.67$216.67
MI / mo$343.97$343.97$133.20
HOA / mo$362.00$362.00$362.00
Total monthly$3,578.76$5,112.15$5,939.78
Cash to close$311,427$74,000$74,000