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$552,055$552,055$585,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$32,945$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.046%7.560%
1st payment$2,595.19$2,595.19$4,018.54
2nd payment$0.00$247.09$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$441.64$441.64$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,745.16$3,992.25$4,843.88
Cash to close$97,945$65,000$65,000