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$545,111$545,111$763,200
Remaining term (yrs)24.324.330.0
Secondary amount$0$218,089$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.757%7.640%
1st payment$2,545.38$2,545.38$5,284.24
2nd payment$0.00$1,408.49$0.00
Taxes / mo$706.67$706.67$706.67
Insurance / mo$216.67$216.67$216.67
MI / mo$443.95$443.95$152.64
HOA / mo$635.00$635.00$635.00
Total monthly$4,547.66$5,956.16$6,995.22
Cash to close$302,889$84,800$84,800