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$486,327$486,327$764,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$277,773$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.147%7.640%
1st payment$2,284.87$2,284.87$5,290.47
2nd payment$0.00$1,793.95$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$393.38$393.38$152.82
HOA / mo$350.00$350.00$350.00
Total monthly$3,952.41$5,746.36$6,717.46
Cash to close$362,673$84,900$84,900