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$421,267$421,267$495,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$73,733$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.515%7.560%
1st payment$1,962.58$1,962.58$3,400.31
2nd payment$0.00$553.00$0.00
Taxes / mo$264.58$264.58$264.58
Insurance / mo$166.67$166.67$166.67
MI / mo$334.85$334.85$99.00
HOA / mo$65.00$65.00$65.00
Total monthly$2,793.69$3,346.68$3,995.56
Cash to close$128,733$55,000$55,000