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$512,555$512,555$877,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$364,945$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.466%7.640%
1st payment$2,438.89$2,438.89$6,075.63
2nd payment$0.00$2,356.94$0.00
Taxes / mo$254.25$254.25$254.25
Insurance / mo$216.67$216.67$216.67
MI / mo$410.28$410.28$175.50
HOA / mo$220.00$220.00$220.00
Total monthly$3,540.09$5,897.03$6,942.05
Cash to close$462,445$97,500$97,500