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$393,873$393,873$675,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$281,127$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.358%7.560%
1st payment$1,806.40$1,806.40$4,636.78
2nd payment$0.00$1,815.61$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$311.40$311.40$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,959.47$4,775.08$5,613.45
Cash to close$356,127$75,000$75,000