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$334,454$334,454$460,800
Remaining term (yrs)24.724.730.0
Secondary amount$0$126,346$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.973%7.640%
1st payment$1,589.70$1,589.70$3,190.49
2nd payment$0.00$842.31$0.00
Taxes / mo$426.67$426.67$426.67
Insurance / mo$166.67$166.67$166.67
MI / mo$267.77$267.77$92.16
HOA / mo$0.00$0.00$0.00
Total monthly$2,450.80$3,293.11$3,875.98
Cash to close$177,546$51,200$51,200