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$496,167$496,167$701,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$204,933$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.940%7.640%
1st payment$2,340.15$2,340.15$4,854.27
2nd payment$0.00$1,323.53$0.00
Taxes / mo$667.33$667.33$667.33
Insurance / mo$216.67$216.67$216.67
MI / mo$396.71$396.71$140.22
HOA / mo$58.00$58.00$58.00
Total monthly$3,678.86$5,002.39$5,936.49
Cash to close$282,833$77,900$77,900