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$509,390$509,390$895,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$386,110$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.452%7.640%
1st payment$2,434.93$2,434.93$6,200.26
2nd payment$0.00$2,493.63$0.00
Taxes / mo$829.17$829.17$829.17
Insurance / mo$216.67$216.67$216.67
MI / mo$416.51$416.51$179.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,897.27$6,390.90$7,425.19
Cash to close$485,610$99,500$99,500