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$496,133$496,133$643,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$147,367$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.623%7.640%
1st payment$2,283.26$2,283.26$4,455.46
2nd payment$0.00$982.45$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$395.14$395.14$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,490.90$4,473.35$5,396.66
Cash to close$218,867$71,500$71,500