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$491,014$491,014$562,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$71,486$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.400%7.640%
1st payment$2,303.17$2,303.17$3,894.64
2nd payment$0.00$536.14$0.00
Taxes / mo$355.83$355.83$355.83
Insurance / mo$166.67$166.67$166.67
MI / mo$392.96$392.96$112.50
HOA / mo$53.33$53.33$53.33
Total monthly$3,271.95$3,808.10$4,582.97
Cash to close$133,986$62,500$62,500