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$542,354$542,354$652,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$110,146$0
Funding fee$0$0$0
Note rate2.875%2.875%7.400%
Blended rate3.725%4.447%7.640%
1st payment$2,519.62$2,519.62$4,517.78
2nd payment$0.00$734.31$0.00
Taxes / mo$557.25$557.25$557.25
Insurance / mo$0.00$0.00$0.00
MI / mo$430.17$430.17$130.50
HOA / mo$100.00$100.00$100.00
Total monthly$3,607.03$4,341.34$5,305.53
Cash to close$182,646$72,500$72,500