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$540,470$540,470$764,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$224,529$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.832%7.640%
1st payment$2,498.78$2,498.78$5,296.70
2nd payment$0.00$1,450.08$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$432.44$432.44$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,856.22$5,306.30$6,374.70
Cash to close$309,529$85,000$85,000