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$577,054$577,054$872,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$295,046$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%4.984%7.640%
1st payment$2,703.99$2,703.99$6,038.24
2nd payment$0.00$1,905.50$0.00
Taxes / mo$807.50$807.50$807.50
Insurance / mo$216.67$216.67$216.67
MI / mo$471.00$471.00$174.42
HOA / mo$0.00$0.00$0.00
Total monthly$4,199.15$6,104.66$7,236.83
Cash to close$391,946$96,900$96,900