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$417,771$417,771$549,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$131,229$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.812%7.640%
1st payment$1,976.89$1,976.89$3,801.17
2nd payment$0.00$874.86$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$333.84$333.84$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,985.73$3,860.60$4,585.97
Cash to close$192,229$61,000$61,000