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$546,340$546,340$566,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$51,210$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.446%7.640%
1st payment$2,533.88$2,533.88$3,919.56
2nd payment$0.00$506.76$0.00
Taxes / mo$524.17$524.17$524.17
Insurance / mo$166.67$166.67$166.67
MI / mo$431.21$431.21$113.22
HOA / mo$437.00$437.00$437.00
Total monthly$4,092.93$4,599.69$5,160.62
Cash to close$82,660$31,450$62,900