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$347,441$347,441$485,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$137,659$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.013%7.640%
1st payment$1,636.66$1,636.66$3,358.73
2nd payment$0.00$917.73$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$275.68$275.68$97.02
HOA / mo$482.00$482.00$482.00
Total monthly$3,010.17$3,927.90$4,553.59
Cash to close$191,559$53,900$53,900