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$288,840$288,840$517,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$228,660$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.562%7.560%
1st payment$1,366.71$1,366.71$3,554.87
2nd payment$0.00$1,476.76$0.00
Taxes / mo$751.33$751.33$751.33
Insurance / mo$166.67$166.67$166.67
MI / mo$230.21$230.21$103.50
HOA / mo$292.67$292.67$292.67
Total monthly$2,807.59$4,284.35$4,869.04
Cash to close$286,160$57,500$57,500