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$580,798$580,798$728,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$148,112$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.558%7.640%
1st payment$2,754.13$2,754.13$5,046.83
2nd payment$0.00$987.42$0.00
Taxes / mo$674.92$674.92$674.92
Insurance / mo$216.67$216.67$216.67
MI / mo$472.94$472.94$145.78
HOA / mo$0.00$0.00$0.00
Total monthly$4,118.66$5,106.07$6,084.19
Cash to close$229,102$80,990$80,990