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$474,531$474,531$719,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$244,569$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.110%7.640%
1st payment$2,278.04$2,278.04$4,978.90
2nd payment$0.00$1,579.51$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$387.67$387.67$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,548.21$5,127.72$6,005.22
Cash to close$324,469$79,900$79,900