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$483,227$483,227$668,610
Remaining term (yrs)24.824.830.0
Secondary amount$0$185,383$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.986%7.640%
1st payment$2,291.64$2,291.64$4,629.32
2nd payment$0.00$1,235.89$0.00
Taxes / mo$619.08$619.08$619.08
Insurance / mo$216.67$216.67$216.67
MI / mo$386.00$386.00$133.72
HOA / mo$0.00$0.00$0.00
Total monthly$3,513.40$4,749.29$5,598.79
Cash to close$259,673$74,290$74,290