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$614,963$614,963$863,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$248,137$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.850%7.640%
1st payment$2,916.14$2,916.14$5,975.93
2nd payment$0.00$1,602.55$0.00
Taxes / mo$799.17$799.17$799.17
Insurance / mo$216.67$216.67$216.67
MI / mo$500.76$500.76$172.62
HOA / mo$0.00$0.00$0.00
Total monthly$4,432.74$6,035.29$7,164.38
Cash to close$344,037$95,900$95,900