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$431,301$431,301$570,600
Remaining term (yrs)24.824.830.0
Secondary amount$0$139,299$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.848%7.560%
1st payment$2,045.39$2,045.39$3,919.63
2nd payment$0.00$928.66$0.00
Taxes / mo$513.67$513.67$513.67
Insurance / mo$166.67$166.67$166.67
MI / mo$344.53$344.53$114.12
HOA / mo$52.00$52.00$52.00
Total monthly$3,122.25$4,050.91$4,766.08
Cash to close$202,699$63,400$63,400