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$495,945$495,945$619,200
Remaining term (yrs)25.025.030.0
Secondary amount$0$123,255$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.564%7.640%
1st payment$2,305.37$2,305.37$4,287.22
2nd payment$0.00$821.70$0.00
Taxes / mo$543.33$543.33$543.33
Insurance / mo$166.67$166.67$166.67
MI / mo$394.35$394.35$123.84
HOA / mo$0.00$0.00$0.00
Total monthly$3,409.72$4,231.42$5,121.06
Cash to close$192,055$68,800$68,800