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$507,809$507,809$620,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$113,101$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.581%7.640%
1st payment$2,411.04$2,411.04$4,299.06
2nd payment$0.00$754.01$0.00
Taxes / mo$574.92$574.92$574.92
Insurance / mo$166.67$166.67$166.67
MI / mo$406.64$406.64$124.18
HOA / mo$203.00$203.00$203.00
Total monthly$3,762.26$4,516.27$5,367.82
Cash to close$182,091$68,990$68,990