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$469,408$469,408$764,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$295,502$0
Funding fee$0$0$0
Note rate2.360%2.360%7.400%
Blended rate3.210%4.964%7.640%
1st payment$2,083.11$2,083.11$5,296.08
2nd payment$0.00$1,908.45$0.00
Taxes / mo$708.25$708.25$708.25
Insurance / mo$216.67$216.67$216.67
MI / mo$380.41$380.41$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,388.44$5,296.89$6,373.98
Cash to close$380,492$84,990$84,990