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$597,351$597,351$629,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$31,749$0
Funding fee$0$0$0
Note rate2.710%2.710%7.240%
Blended rate3.560%3.835%7.480%
1st payment$2,789.32$2,789.32$4,287.30
2nd payment$0.00$238.12$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$486.49$486.49$125.82
HOA / mo$478.00$478.00$478.00
Total monthly$4,502.98$4,741.09$5,640.29
Cash to close$101,649$69,900$69,900