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$411,280$411,280$652,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$241,220$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.147%7.640%
1st payment$1,897.11$1,897.11$4,517.78
2nd payment$0.00$1,557.88$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$328.31$328.31$130.50
HOA / mo$600.00$600.00$600.00
Total monthly$3,646.26$5,204.14$6,069.11
Cash to close$313,720$72,500$72,500