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$350,921$350,921$517,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$166,579$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.172%7.560%
1st payment$1,664.20$1,664.20$3,554.87
2nd payment$0.00$1,110.53$0.00
Taxes / mo$297.58$297.58$297.58
Insurance / mo$166.67$166.67$166.67
MI / mo$280.32$280.32$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,408.77$3,519.30$4,122.62
Cash to close$224,079$57,500$57,500