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$313,463$313,463$502,200
Remaining term (yrs)24.624.630.0
Secondary amount$0$188,737$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.397%7.640%
1st payment$1,493.32$1,493.32$3,477.13
2nd payment$0.00$1,258.24$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$251.53$251.53$100.44
HOA / mo$0.00$0.00$0.00
Total monthly$2,494.85$3,753.10$4,327.57
Cash to close$244,537$55,800$55,800