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$597,211$597,211$710,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$112,889$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.451%7.640%
1st payment$2,810.35$2,810.35$4,916.59
2nd payment$0.00$752.59$0.00
Taxes / mo$657.50$657.50$657.50
Insurance / mo$216.67$216.67$216.67
MI / mo$476.42$476.42$142.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,160.93$4,913.53$5,932.78
Cash to close$191,789$78,900$78,900