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$421,369$421,369$697,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$276,131$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.225%7.640%
1st payment$2,029.08$2,029.08$4,829.35
2nd payment$0.00$1,783.35$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$345.71$345.71$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,237.29$5,020.64$5,831.35
Cash to close$353,631$77,500$77,500