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$462,188$462,188$553,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$91,222$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%4.515%7.560%
1st payment$2,139.23$2,139.23$3,801.54
2nd payment$0.00$684.16$0.00
Taxes / mo$368.58$368.58$368.58
Insurance / mo$166.67$166.67$166.67
MI / mo$369.73$369.73$110.68
HOA / mo$0.00$0.00$0.00
Total monthly$3,044.21$3,728.38$4,447.47
Cash to close$152,712$61,490$61,490