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$311,980$311,980$1,799,550
Remaining term (yrs)24.924.930.0
Secondary amount$0$1,487,570$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%7.070%7.640%
1st payment$1,476.20$1,476.20$12,459.72
2nd payment$0.00$9,607.22$0.00
Taxes / mo$311.89$311.89$311.89
Insurance / mo$216.67$216.67$216.67
MI / mo$248.65$248.65$359.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,253.41$11,860.63$13,348.19
Cash to close$1,687,520$199,950$199,950