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$230,250$230,250$516,600
Remaining term (yrs)18.918.930.0
Secondary amount$0$286,350$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%6.003%7.640%
1st payment$1,323.82$1,323.82$3,576.83
2nd payment$0.00$1,849.34$0.00
Taxes / mo$478.33$478.33$478.33
Insurance / mo$166.67$166.67$166.67
MI / mo$198.17$198.17$103.32
HOA / mo$88.00$88.00$88.00
Total monthly$2,255.00$4,104.34$4,413.15
Cash to close$343,750$57,400$57,400