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$446,366$446,366$720,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$273,634$0
Funding fee$0$0$0
Note rate2.250%2.250%7.400%
Blended rate3.100%4.867%7.640%
1st payment$2,012.53$2,012.53$4,985.13
2nd payment$0.00$1,767.22$0.00
Taxes / mo$626.75$626.75$626.75
Insurance / mo$0.00$0.00$0.00
MI / mo$372.94$372.94$144.00
HOA / mo$100.00$100.00$100.00
Total monthly$3,112.21$4,879.43$5,855.88
Cash to close$353,634$80,000$80,000