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$506,652$506,652$702,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$195,348$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%4.940%7.640%
1st payment$2,434.84$2,434.84$4,860.51
2nd payment$0.00$1,302.32$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$413.82$413.82$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,715.33$5,017.65$5,867.57
Cash to close$273,348$78,000$78,000