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$491,711$491,711$1,057,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$565,789$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.848%7.640%
1st payment$2,332.23$2,332.23$7,321.92
2nd payment$0.00$3,654.05$0.00
Taxes / mo$748.25$748.25$748.25
Insurance / mo$216.67$216.67$216.67
MI / mo$401.53$401.53$211.50
HOA / mo$150.00$150.00$150.00
Total monthly$3,848.67$7,502.73$8,648.33
Cash to close$683,289$117,500$117,500