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$430,522$430,522$580,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$149,978$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%4.900%7.560%
1st payment$2,039.46$2,039.46$3,987.63
2nd payment$0.00$999.85$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$116.10
HOA / mo$179.00$179.00$179.00
Total monthly$3,266.60$4,266.45$4,986.90
Cash to close$214,478$64,500$64,500