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$392,836$392,836$648,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$255,164$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.210%7.640%
1st payment$1,834.34$1,834.34$4,486.62
2nd payment$0.00$1,647.93$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$319.93$319.93$129.60
HOA / mo$60.00$60.00$60.00
Total monthly$3,030.94$4,678.87$5,492.89
Cash to close$327,164$72,000$72,000