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$519,241$519,241$575,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$55,859$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.260%7.560%
1st payment$2,452.14$2,452.14$3,950.54
2nd payment$0.00$418.94$0.00
Taxes / mo$532.50$532.50$532.50
Insurance / mo$166.67$166.67$166.67
MI / mo$417.30$417.30$115.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,568.61$3,987.55$4,764.72
Cash to close$119,759$63,900$63,900