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$429,467$429,467$629,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$199,633$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.140%7.640%
1st payment$2,036.85$2,036.85$4,355.76
2nd payment$0.00$1,330.89$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,129.99$4,460.87$5,230.75
Cash to close$269,533$69,900$69,900