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$428,888$428,888$576,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$147,112$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.791%7.640%
1st payment$2,035.98$2,035.98$3,988.11
2nd payment$0.00$980.75$0.00
Taxes / mo$558.58$558.58$558.58
Insurance / mo$166.67$166.67$166.67
MI / mo$349.17$349.17$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,110.40$4,091.14$4,828.56
Cash to close$211,112$64,000$64,000