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$451,560$451,560$566,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$114,540$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.538%7.640%
1st payment$2,136.67$2,136.67$3,919.56
2nd payment$0.00$763.60$0.00
Taxes / mo$524.17$524.17$524.17
Insurance / mo$166.67$166.67$166.67
MI / mo$367.86$367.86$113.22
HOA / mo$83.00$83.00$83.00
Total monthly$3,278.36$4,041.96$4,806.62
Cash to close$177,440$62,900$62,900