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$401,596$401,596$715,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$313,904$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.488%7.640%
1st payment$1,877.37$1,877.37$4,953.98
2nd payment$0.00$2,027.30$0.00
Taxes / mo$662.50$662.50$662.50
Insurance / mo$216.67$216.67$216.67
MI / mo$320.72$320.72$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,077.26$5,104.56$5,976.24
Cash to close$393,404$79,500$79,500