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$443,840$443,840$621,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$177,160$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%4.970%7.640%
1st payment$2,127.93$2,127.93$4,299.68
2nd payment$0.00$1,181.07$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$361.66$361.66$124.20
HOA / mo$460.00$460.00$460.00
Total monthly$3,691.25$4,872.32$5,625.55
Cash to close$246,160$69,000$69,000