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$417,544$417,544$508,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$90,956$0
Funding fee$0$0$0
Note rate2.875%2.875%7.320%
Blended rate3.725%4.670%7.560%
1st payment$1,957.47$1,957.47$3,493.04
2nd payment$0.00$682.17$0.00
Taxes / mo$568.25$568.25$568.25
Insurance / mo$0.00$0.00$0.00
MI / mo$334.19$334.19$101.70
HOA / mo$114.00$114.00$114.00
Total monthly$2,973.91$3,656.08$4,276.99
Cash to close$147,456$56,500$56,500