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$572,014$572,014$742,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$170,486$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.657%7.640%
1st payment$2,706.63$2,706.63$5,140.92
2nd payment$0.00$1,136.57$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$465.99$465.99$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,076.78$5,213.35$6,193.59
Cash to close$252,986$82,500$82,500