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$598,482$598,482$909,900
Remaining term (yrs)24.424.430.0
Secondary amount$0$311,418$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%4.955%7.560%
1st payment$2,769.65$2,769.65$6,250.38
2nd payment$0.00$2,011.24$0.00
Taxes / mo$842.50$842.50$842.50
Insurance / mo$216.67$216.67$216.67
MI / mo$486.85$486.85$181.98
HOA / mo$750.00$750.00$750.00
Total monthly$5,065.67$7,076.92$8,241.53
Cash to close$412,518$101,100$101,100