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$491,957$491,957$607,050
Remaining term (yrs)24.724.730.0
Secondary amount$0$115,093$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%4.588%7.640%
1st payment$2,328.13$2,328.13$4,203.09
2nd payment$0.00$767.29$0.00
Taxes / mo$562.08$562.08$562.08
Insurance / mo$166.67$166.67$166.67
MI / mo$394.17$394.17$121.41
HOA / mo$0.00$0.00$0.00
Total monthly$3,451.05$4,218.34$5,053.25
Cash to close$182,543$67,450$67,450