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$425,932$425,932$566,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$140,168$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.704%7.640%
1st payment$1,997.14$1,997.14$3,919.56
2nd payment$0.00$934.45$0.00
Taxes / mo$524.17$524.17$524.17
Insurance / mo$166.67$166.67$166.67
MI / mo$345.62$345.62$113.22
HOA / mo$236.00$236.00$236.00
Total monthly$3,269.59$4,204.04$4,959.62
Cash to close$203,068$62,900$62,900