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$418,766$418,766$517,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$98,734$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.598%7.640%
1st payment$1,955.42$1,955.42$3,583.07
2nd payment$0.00$740.51$0.00
Taxes / mo$360.92$360.92$360.92
Insurance / mo$166.67$166.67$166.67
MI / mo$341.05$341.05$103.50
HOA / mo$87.00$87.00$87.00
Total monthly$2,911.05$3,651.56$4,301.15
Cash to close$156,234$57,500$57,500