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$445,605$445,605$648,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$202,395$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.054%7.640%
1st payment$2,167.77$2,167.77$4,486.62
2nd payment$0.00$1,307.13$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$365.14$365.14$129.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,349.58$4,656.71$5,432.89
Cash to close$274,395$72,000$72,000