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$486,548$486,548$517,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,952$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%3.970%7.640%
1st payment$2,251.79$2,251.79$3,583.07
2nd payment$0.00$232.14$0.00
Taxes / mo$465.50$465.50$465.50
Insurance / mo$166.67$166.67$166.67
MI / mo$388.18$388.18$103.50
HOA / mo$67.00$67.00$67.00
Total monthly$3,339.14$3,571.28$4,385.73
Cash to close$88,452$57,500$57,500