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$603,148$603,148$760,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$157,352$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.558%7.640%
1st payment$2,827.07$2,827.07$5,265.55
2nd payment$0.00$1,049.01$0.00
Taxes / mo$704.17$704.17$704.17
Insurance / mo$216.67$216.67$216.67
MI / mo$486.72$486.72$152.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,234.63$5,283.64$6,338.48
Cash to close$241,852$84,500$84,500