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$414,941$414,941$733,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$318,559$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.425%7.560%
1st payment$1,949.84$1,949.84$5,038.64
2nd payment$0.00$2,057.36$0.00
Taxes / mo$679.17$679.17$679.17
Insurance / mo$216.67$216.67$216.67
MI / mo$336.56$336.56$146.70
HOA / mo$399.00$399.00$399.00
Total monthly$3,581.24$5,638.60$6,480.17
Cash to close$400,059$81,500$81,500