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$330,379$330,379$629,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$298,721$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%5.586%7.640%
1st payment$1,529.15$1,529.15$4,355.76
2nd payment$0.00$1,929.24$0.00
Taxes / mo$123.91$123.91$123.91
Insurance / mo$166.67$166.67$166.67
MI / mo$264.29$264.29$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,084.02$4,013.26$4,772.16
Cash to close$368,621$69,900$69,900