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$534,516$534,516$764,639
Remaining term (yrs)24.824.830.0
Secondary amount$0$230,123$0
Funding fee$0$0$0
Note rate2.800%2.800%7.240%
Blended rate3.650%4.884%7.480%
1st payment$2,479.48$2,479.48$5,211.00
2nd payment$0.00$1,486.21$0.00
Taxes / mo$708.00$708.00$708.00
Insurance / mo$216.67$216.67$216.67
MI / mo$427.43$427.43$152.93
HOA / mo$0.00$0.00$0.00
Total monthly$3,831.58$5,317.79$6,288.59
Cash to close$315,083$84,960$84,960