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$557,434$557,434$796,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$239,066$0
Funding fee$0$0$0
Note rate2.850%2.850%7.400%
Blended rate3.700%4.916%7.640%
1st payment$2,630.39$2,630.39$5,514.81
2nd payment$0.00$1,543.97$0.00
Taxes / mo$737.50$737.50$737.50
Insurance / mo$216.67$216.67$216.67
MI / mo$450.53$450.53$159.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,035.08$5,579.05$6,628.27
Cash to close$327,566$88,500$88,500