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$374,928$374,928$855,000
Remaining term (yrs)9.39.330.0
Secondary amount$0$480,072$0
Funding fee$0$0$0
Note rate2.600%2.600%7.400%
Blended rate3.450%5.864%7.640%
1st payment$3,744.26$3,744.26$5,919.85
2nd payment$0.00$3,100.46$0.00
Taxes / mo$560.25$560.25$560.25
Insurance / mo$216.67$216.67$216.67
MI / mo$394.96$394.96$171.00
HOA / mo$95.00$95.00$95.00
Total monthly$5,011.13$8,111.59$6,962.76
Cash to close$575,072$95,000$95,000