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$490,178$490,178$854,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$363,922$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.500%7.640%
1st payment$2,324.61$2,324.61$5,913.62
2nd payment$0.00$2,350.33$0.00
Taxes / mo$790.83$790.83$790.83
Insurance / mo$216.67$216.67$216.67
MI / mo$391.56$391.56$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,723.67$6,074.00$7,091.94
Cash to close$458,822$94,900$94,900