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$332,592$332,592$424,800
Remaining term (yrs)24.024.030.0
Secondary amount$0$92,208$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.952%7.560%
1st payment$1,610.35$1,610.35$2,918.08
2nd payment$0.00$691.56$0.00
Taxes / mo$393.33$393.33$393.33
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$84.96
HOA / mo$499.00$499.00$499.00
Total monthly$2,940.59$3,632.15$4,062.04
Cash to close$139,408$47,200$47,200