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$515,684$515,684$1,521,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$1,005,316$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%6.333%7.640%
1st payment$2,416.42$2,416.42$10,531.10
2nd payment$0.00$6,492.66$0.00
Taxes / mo$1,408.33$1,408.33$1,408.33
Insurance / mo$216.67$216.67$216.67
MI / mo$420.91$420.91$304.20
HOA / mo$194.00$194.00$194.00
Total monthly$4,656.32$11,148.99$12,654.30
Cash to close$1,174,316$169,000$169,000