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$425,636$425,636$449,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$49,269$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.665%7.560%
1st payment$2,018.53$2,018.53$3,090.57
2nd payment$0.00$487.56$0.00
Taxes / mo$300.42$300.42$300.42
Insurance / mo$166.67$166.67$166.67
MI / mo$340.00$340.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,825.61$3,313.17$3,647.63
Cash to close$74,264$24,995$49,990