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$401,909$401,909$697,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$295,591$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.313%7.640%
1st payment$1,868.54$1,868.54$4,829.35
2nd payment$0.00$1,909.02$0.00
Taxes / mo$663.17$663.17$663.17
Insurance / mo$216.67$216.67$216.67
MI / mo$327.60$327.60$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,075.97$4,985.00$5,848.68
Cash to close$373,091$77,500$77,500