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$298,794$298,794$620,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$322,116$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.743%7.640%
1st payment$1,394.91$1,394.91$4,299.06
2nd payment$0.00$2,080.33$0.00
Taxes / mo$233.42$233.42$233.42
Insurance / mo$166.67$166.67$166.67
MI / mo$242.66$242.66$124.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,037.65$4,117.98$4,823.32
Cash to close$391,106$68,990$68,990