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$415,023$415,023$592,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$177,177$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.993%7.640%
1st payment$1,933.59$1,933.59$4,100.27
2nd payment$0.00$1,181.18$0.00
Taxes / mo$548.33$548.33$548.33
Insurance / mo$166.67$166.67$166.67
MI / mo$330.75$330.75$118.44
HOA / mo$0.00$0.00$0.00
Total monthly$2,979.35$4,160.52$4,933.71
Cash to close$242,977$65,800$65,800