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$406,364$406,364$639,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$232,636$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%5.130%7.560%
1st payment$1,876.52$1,876.52$4,389.49
2nd payment$0.00$1,502.44$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$324.33$324.33$127.80
HOA / mo$75.00$75.00$75.00
Total monthly$3,084.18$4,586.62$5,400.62
Cash to close$303,636$71,000$71,000