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$545,904$545,904$585,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$39,096$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%3.980%7.640%
1st payment$2,512.32$2,512.32$4,050.42
2nd payment$0.00$293.22$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$434.78$434.78$117.00
HOA / mo$150.00$150.00$150.00
Total monthly$3,805.43$4,098.65$5,025.76
Cash to close$104,096$65,000$65,000