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$281,501$281,501$598,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$316,999$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.906%7.560%
1st payment$1,331.98$1,331.98$4,111.28
2nd payment$0.00$2,047.29$0.00
Taxes / mo$149.92$149.92$149.92
Insurance / mo$166.67$166.67$166.67
MI / mo$224.36$224.36$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,872.93$3,920.21$4,547.56
Cash to close$383,499$66,500$66,500