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$580,308$580,308$823,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$243,192$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.917%7.640%
1st payment$2,703.52$2,703.52$5,701.75
2nd payment$0.00$1,570.61$0.00
Taxes / mo$762.50$762.50$762.50
Insurance / mo$216.67$216.67$216.67
MI / mo$461.27$461.27$164.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,143.95$5,714.57$6,845.61
Cash to close$334,692$91,500$91,500