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$474,961$474,961$832,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$357,539$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.456%7.640%
1st payment$2,286.16$2,286.16$5,764.06
2nd payment$0.00$2,309.11$0.00
Taxes / mo$770.83$770.83$770.83
Insurance / mo$216.67$216.67$216.67
MI / mo$390.06$390.06$166.50
HOA / mo$208.00$208.00$208.00
Total monthly$3,871.72$6,180.83$7,126.06
Cash to close$450,039$92,500$92,500