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$665,548$665,548$877,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$211,952$0
Funding fee$0$0$0
Note rate2.500%2.500%7.400%
Blended rate3.350%4.413%7.640%
1st payment$3,007.49$3,007.49$6,075.63
2nd payment$0.00$1,368.85$0.00
Taxes / mo$812.50$812.50$812.50
Insurance / mo$216.67$216.67$216.67
MI / mo$539.15$539.15$175.50
HOA / mo$225.00$225.00$225.00
Total monthly$4,800.81$6,169.66$7,505.30
Cash to close$309,452$97,500$97,500