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$512,384$512,384$652,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$140,116$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%4.702%7.640%
1st payment$2,427.45$2,427.45$4,517.78
2nd payment$0.00$934.11$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$410.46$410.46$130.50
HOA / mo$255.00$255.00$255.00
Total monthly$3,913.74$4,847.85$5,724.11
Cash to close$212,616$72,500$72,500