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$271,331$271,331$585,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$313,669$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.932%7.560%
1st payment$1,286.76$1,286.76$4,018.54
2nd payment$0.00$2,025.78$0.00
Taxes / mo$262.25$262.25$262.25
Insurance / mo$166.67$166.67$166.67
MI / mo$216.74$216.74$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,932.41$3,958.19$4,564.46
Cash to close$378,669$65,000$65,000