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$195,276$195,276$495,000
Remaining term (yrs)19.019.030.0
Secondary amount$0$299,724$0
Funding fee$0$0$0
Note rate2.480%2.480%7.320%
Blended rate3.330%6.006%7.560%
1st payment$1,067.60$1,067.60$3,400.31
2nd payment$0.00$1,935.72$0.00
Taxes / mo$109.08$109.08$109.08
Insurance / mo$166.67$166.67$166.67
MI / mo$168.95$168.95$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,512.29$3,448.01$3,775.06
Cash to close$354,724$55,000$55,000