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$499,270$499,270$539,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$39,830$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.073%7.640%
1st payment$2,361.92$2,361.92$3,732.62
2nd payment$0.00$298.72$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$405.59$405.59$107.82
HOA / mo$877.00$877.00$877.00
Total monthly$4,310.34$4,609.06$5,383.27
Cash to close$99,730$59,900$59,900