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$410,748$410,748$643,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$232,752$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.248%7.640%
1st payment$1,947.92$1,947.92$4,455.46
2nd payment$0.00$1,503.19$0.00
Taxes / mo$617.75$617.75$617.75
Insurance / mo$216.67$216.67$216.67
MI / mo$328.11$328.11$128.70
HOA / mo$25.00$25.00$25.00
Total monthly$3,135.45$4,638.64$5,443.58
Cash to close$304,252$71,500$71,500