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$508,113$508,113$810,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$301,887$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.278%7.640%
1st payment$2,404.39$2,404.39$5,608.28
2nd payment$0.00$1,949.69$0.00
Taxes / mo$584.33$584.33$584.33
Insurance / mo$216.67$216.67$216.67
MI / mo$406.03$406.03$162.00
HOA / mo$120.00$120.00$120.00
Total monthly$3,731.43$5,681.11$6,691.28
Cash to close$391,887$90,000$90,000