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$382,233$382,233$413,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$30,867$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.216%7.640%
1st payment$1,816.80$1,816.80$2,860.22
2nd payment$0.00$231.50$0.00
Taxes / mo$218.58$218.58$218.58
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$82.62
HOA / mo$140.00$140.00$140.00
Total monthly$2,648.07$2,879.57$3,468.09
Cash to close$76,767$45,900$45,900