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$474,792$474,792$719,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$245,118$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.053%7.640%
1st payment$2,251.98$2,251.98$4,984.51
2nd payment$0.00$1,583.05$0.00
Taxes / mo$666.58$666.58$666.58
Insurance / mo$216.67$216.67$216.67
MI / mo$387.71$387.71$143.98
HOA / mo$527.00$527.00$527.00
Total monthly$4,049.94$5,632.99$6,538.74
Cash to close$325,108$79,990$79,990