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$290,826$290,826$508,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$217,674$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.514%7.640%
1st payment$1,383.84$1,383.84$3,520.75
2nd payment$0.00$1,405.81$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$232.80$232.80$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,254.13$3,659.95$4,259.95
Cash to close$274,174$56,500$56,500