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$600,849$600,849$855,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$254,151$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.939%7.640%
1st payment$2,837.54$2,837.54$5,919.85
2nd payment$0.00$1,641.39$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$482.89$482.89$171.00
HOA / mo$215.00$215.00$215.00
Total monthly$4,543.77$6,185.16$7,314.18
Cash to close$349,151$95,000$95,000