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$631,550$631,550$742,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$110,950$0
Funding fee$0$0$0
Note rate2.760%2.760%7.320%
Blended rate3.610%4.266%7.560%
1st payment$2,909.91$2,909.91$5,100.46
2nd payment$0.00$739.67$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$504.24$504.24$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,318.32$5,057.99$6,153.13
Cash to close$193,450$82,500$82,500