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$460,840$460,840$765,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$304,160$0
Funding fee$0$0$0
Note rate2.720%2.720%7.320%
Blended rate3.570%5.232%7.560%
1st payment$2,159.43$2,159.43$5,255.02
2nd payment$0.00$1,964.37$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$376.14$376.14$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,460.57$5,424.93$6,333.02
Cash to close$389,160$85,000$85,000