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$626,208$626,208$809,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$182,892$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.641%7.560%
1st payment$2,949.01$2,949.01$5,557.96
2nd payment$0.00$1,219.28$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$507.72$507.72$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,422.56$5,641.84$6,685.61
Cash to close$272,792$89,900$89,900