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$551,414$551,414$630,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$78,586$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.405%7.640%
1st payment$2,592.17$2,592.17$4,361.99
2nd payment$0.00$589.39$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$441.13$441.13$126.00
HOA / mo$125.00$125.00$125.00
Total monthly$3,908.30$4,497.70$5,362.99
Cash to close$148,586$70,000$70,000