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$518,925$518,925$719,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$201,074$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.867%7.640%
1st payment$2,439.44$2,439.44$4,985.13
2nd payment$0.00$1,298.61$0.00
Taxes / mo$393.25$393.25$393.25
Insurance / mo$216.67$216.67$216.67
MI / mo$415.14$415.14$144.00
HOA / mo$105.00$105.00$105.00
Total monthly$3,569.50$4,868.10$5,844.04
Cash to close$281,074$80,000$80,000