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$408,271$408,271$441,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$32,729$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.214%7.640%
1st payment$1,936.18$1,936.18$3,053.39
2nd payment$0.00$245.46$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$326.13$326.13$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,837.31$3,082.77$3,716.59
Cash to close$81,729$49,000$49,000