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$540,474$540,474$850,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$310,026$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.151%7.640%
1st payment$2,557.38$2,557.38$5,888.69
2nd payment$0.00$2,002.25$0.00
Taxes / mo$787.50$787.50$787.50
Insurance / mo$216.67$216.67$216.67
MI / mo$440.29$440.29$170.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,001.84$6,004.10$7,062.96
Cash to close$404,526$94,500$94,500